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

Question

Quizplus · Accepted Answer

Expenses from year to year are generally relatively stable, making it easier to spot significant deviations or anomalies when comparing current expenses to those of prior years. This stability aids in the effectiveness of using analytical procedures for accounts payable.

Comparing Expenses to Prior Years Is an Effective Analytical Procedure