Comparing expenses to prior years' expenses is an effective analytical procedure for accounts payable because expenses from year to year are:
A) relatively stable.
B) variable.
C) erratic.
D) dynamic.

Question

Quizplus · Accepted Answer

Comparing expenses to prior years' expenses is effective for accounts payable because most expenses tend to remain relatively stable and comparable from year to year, making it easier to identify any significant deviations or irregularities.

Comparing Expenses to Prior Years' Expenses Is an Effective Analytical