Which of the following is most reliable for verifying the correct balance of accounts payable?
A) vendors' invoices
B) vendors' statements
C) confirmations
D) bills of lading

Question

Quizplus · Accepted Answer

Confirmations are the most reliable source for verifying the correct balance of accounts payable as they directly confirm the amount owed to vendors with the vendor themselves. Vendors' invoices and bills of lading can be inaccurate or incomplete, and vendors' statements may not reflect the most up-to-date information.

Which of the Following Is Most Reliable for Verifying the Correct