which of the following audit procedures is best for identifying unrecorded trade accounts payable?By: Answerout
Here's the answer for Which of the following audit procedures is best for identifying unrecorded trade accounts payable? Below is the solution for the Question
Which of the following audit procedures is best for identifying unrecorded trade accounts payable?
A. Examining unusual relationships between monthly accounts payable balances and recorded cash payments.
B. Reconciling vendors’ statements to the file of receiving reports to identify items received just prior to the balance sheet date.
C. Reviewing cash disbursements recorded subsequent to the balance sheet date to determine whether the related payables apply to the prior period.
D. Investigating payables recorded just prior to and just subsequent to the balance sheet date to determine whether they are supported by receiving reports.
Give your Answers in the Comments. You can Discuss the answers and Concepts in the Comments.
This Answer is Given by Professionals and Practitioners. All the Questions on Answerout are answered correctly and if by mistake there's any kind of error our experts solve it ASAP. The Question - Which of the following audit procedures is best for identifying unrecorded trade accounts payable? is answered correct. 100% Assured. All the Questions and Answers on Answerout are available for free forever. For More Info.
More About the Exam
The exams keep changing and so does the order of questions in these exams. You can keep your knowledge up to date by searching separate questions because the correct answers obviously never changes. We Support the Community of Learners. We are always here just send us query on our contact us page. We'll be sure to reply.
All other types of exams and their respective questions will be available very soon. As we are currently updating all the content on this site. We've been in this industry from a long time with different Names. We try to provide best Certification Answers i,e., Regularly Updated.
The Certification Exam Answers for these MNCs are tough to Crack but We've got your back. You will find all other latest exam answers. Updated Regularly. Get the Answers and learn from the best.
We at Answerout make sure to provide the Best Possible content but We've made it Very Clear that you should use this for Learning and Practice. Never use the Answers provided as cheat sheet but learn all the Answers Properly. All The very Best for your Exam. we're Always here in case you want any assistance.
BookMark This site for Easy access and use in future.