Which of the following accounts would most likely be audited in connection with a related balance sheet account?
A) Property tax expense.
B) Payroll expense.
C) Research and development.
D) Legal expense.

Question

Quizplus · Accepted Answer

Property tax expense is often audited in connection with the related balance sheet account, which is property taxes payable. This ensures that the expense recorded matches the liability on the balance sheet.

Which of the Following Accounts Would Most Likely Be Audited