The confirmation of an account payable balance selected from the general ledger provides primary evidence regarding which management assertion?
A)Completeness.
B)Valuation.
C)Allocation.
D)Existence.

Question

Quizplus · Accepted Answer

Confirmation of an account payable balance selected from the general ledger provides primary evidence regarding the existence assertion, as it confirms that the balance actually exists and is owed to the creditor.

The Confirmation of an Account Payable Balance Selected from the General