Independent reconciliation of the accounts payable subsidiary ledger to the general ledger control account will help to assure that all inventory has been properly recorded.

Name: Independent reconciliation of the accounts payable subsidiary ledger to the general ledger control account will help to assure that all inventory has been properly recorded.
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Question

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Reconciliation of accounts payable ensures that liabilities are accurately recorded, but it does not directly verify the recording of inventory.

Independent Reconciliation of the Accounts Payable Subsidiary Ledger to the General