When the client's physical inventory takes place before the last day of the year, it is still necessary to perform an accounts payable cutoff at the time of the physical count. In addition, the auditor must verify whether all acquisitions taking place between the physical count and the end of the year were added to:
A) accounts payable and cost of goods sold.
B) accounts payable.
C) the physical inventory.
D) the physical inventory and accounts payable.

Question

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The Answer of When the client's physical inventory takes place before the last day of the year, it is still necessary to perform an accounts payable cutoff at the time of the physical count. In addition, the auditor must verify whether all acquisitions taking place between the physical count and the end of the year were added to:
A) accounts payable and cost of goods sold.
B) accounts payable.
C) the physical inventory.
D) the physical inventory and accounts payable.

When the Client's Physical Inventory Takes Place Before the Last