To determine whether accounts payable is complete,an auditor performs a test to verify that all merchandise received is recorded.The population of documents for this test consists of all ________.
A)payment vouchers
B)receiving reports
C)purchase requisitions
D)vendor's invoices

Question

Quizplus · Accepted Answer

Receiving reports would provide the evidence for verifying that all merchandise received has been recorded, as they document the receipt of goods and would be matched with vendor invoices to ensure completeness of accounts payable. Payment vouchers, purchase requisitions, and vendor invoices do not directly provide evidence of all merchandise received being recorded.

To Determine Whether Accounts Payable Is Complete,an Auditor Performs a Test