The form typically used to confirm accounts payable:
A)Does not require a response from the vendor.
B)Confirms the balance recorded by the client at year-end.
C)Requires the vendor to indicate the amount of the payable.
D)Is the same as the form used to confirm accounts receivable.

Question

Quizplus · Accepted Answer

The form used to confirm accounts payable typically requires the vendor to indicate the amount of the payable, ensuring that the client's records match the vendor's records.

The Form Typically Used to Confirm Accounts Payable