Which of these is not directly affected by purchasand payments transactions?
A) plant assets.
B) work-in-process inventory.
C) accounts payable.
D) prepaid expenses.
Correct Answer:
Verified
Q3: Purchase orders become part of the transaction
Q7: Segregation of the functions of payroll and
Q12: The quantity ordered may not be displayed
Q12: The occurrence objective for purchases, payabland payroll
Q13: Purchase and payroll transactions account for the
Q14: A purchase order is a form issued
Q15: A check by the auditor on the
Q18: Accounts payable is affected by purchase transactions
Q20: A proper cut-off of payment transactions at
Q22: Prior to recording purchastransactions, supplier's invoicare checked
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