Which of the following is not typically included in the audit of debt?
A)Interest expense.
B)Interest income.
C)Notes payable.
D)Bonds payable.

Question

Quizplus · Accepted Answer

Interest income is a part of the income statement and not directly related to the audit of debt. The other options (Interest expense, notes payable, and bonds payable) are typically included in the audit of debt as they are directly related to the borrowing and repayment of funds by the organization.

Which of the Following Is Not Typically Included in the Audit