To determine whether accounts payable is complete, an auditor performs a test to verify that all merchandise received is recorded.The population of documents for this test consists of all
A)Payment vouchers.
B)Receiving reports.
C)Purchase requisitions.
D)Vendor's invoices.

Question

Quizplus · Accepted Answer

Receiving reports are used to verify that all merchandise received is recorded, ensuring the completeness of accounts payable.

To Determine Whether Accounts Payable Is Complete, an Auditor Performs