Which of the following is not an inherent risk typically associated with recording debt transactions?
A)Interest expense not being properly recorded.
B)Failure to accrue interest expense.
C)Debt not being properly classified.
D)Debt not being properly authorized.

Question

Quizplus · Accepted Answer

Failure to properly authorize debt is not a risk associated with recording debt transactions, but rather with the process of obtaining the debt. The other options are all risks that can occur when recording debt transactions.

Which of the Following Is Not an Inherent Risk Typically