Distinguish between substantive tests of transactions and tests of details of balances. Give one example of each for the acquisition and payment cycle. Match the definitions with the correct terms. Tests performed to verify the ending balance in an individual account on the financial statements. Tests performed to verify the accuracy of a client's accounting system. This is accomplished by determining whether individual transactions are correctly recorded and summarized in the journals, master files, and general ledger. Select an example of a substantive test of transactions for the acquisition and payment cycle.