Which statement is correct with respect to accounts payable confirmations?
A)The negative form is used in most circumstances.
B)Accounts with new suppliers are always confirmed.
C)They are a required auditing procedure.
D)They are more frequently used in situations in which some vendors don't send monthly statements.

Question

Quizplus · Accepted Answer

Accounts payable confirmations are more frequently used when vendors do not send monthly statements, as this helps verify the accuracy of the recorded liabilities.

Which Statement Is Correct with Respect to Accounts Payable Confirmations