Unrecorded liabilities are most likely to be found during the review of which of the following documents?
A)Unpaid bills.
B)Shipping records.
C)Bills of lading.
D)Unmatched sales invoices.

Question

Quizplus · Accepted Answer

Unrecorded liabilities refer to expenses that have been incurred but not yet recorded in the company's books. Unpaid bills are a common source of unrecorded liabilities and reviewing them can help identify such expenses. Shipping records, bills of lading, and unmatched sales invoices may provide information on sales and inventory, but they are not directly related to identifying unrecorded liabilities.

Unrecorded Liabilities Are Most Likely to Be Found During the Review