A document review of which of the following is most likely to yield evidence of any unrecorded liabilities?
A)Debit memos
B)Vendor memos
C)Unpaid accounts payable
D)Sales invoices out of sequence

Question

Quizplus · Accepted Answer

Unpaid accounts payable represent liabilities that have not been recorded in the accounting system. Debit memos and vendor memos might indicate that a liability exists, but it might have already been recorded. Sales invoices out of sequence are not directly related to unrecorded liabilities.

A Document Review of Which of the Following Is Most