How would you detect that accounts payable transactions had been omitted from the general ledger?
A) Reconcile the receiving reports to the subsidiary ledger.
B) Reconcile the subsidiary ledger to the general ledger.
C) Reconcile the cash disbursements journal to the subsidiary ledger.
D) Any of the above would detect the error.
Correct Answer:
Verified
Q54: The accounts payable subsidiary ledger provides what
Q55: Pre-numbering purchase orders achieves which assertion(s)?
A) Authorization.
B)
Q56: In order to meet the completeness assertion
Q57: How would you detect that purchase transactions
Q58: Requiring receiving reports achieves which assertion(s)?
A) Existence.
B)
Q60: Computer-assisted audit techniques (CAAT) can be used
Q61: Which of the following are steps in
Q62: Substantive analytical procedures:
A) can replace audit testing
Q63: Account analyses are performed for:
A) accounts that
Q64: SFAC 6 addresses which assertion:
A) existence.
B) allocation.
C)
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