When the client's physical inventory occurs before the last day of the year, it is still necessary to perform an accounts payable cutoff at the time of the count
In addition, the auditor must verify whether all acquisitions taking place between the count and the end of the year were added to
A) the physical inventory.
B) accounts payable.
C) accounts payable and cost of goods sold.
D) the physical inventory and accounts payable.
D
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Which of the following statements about the use of a separate sales force to handle key accounts is true?
A. This is a relatively low cost approach for making sure someone services the company's largest customers high in the organizational hierarchy B. National sales force members are always treated as equal to the company's regular sales force C. The national sales force typically consists of the company's most experienced and talented salespeople D. The national sales force is typically overworked because of the demands placed on it by its major accounts E. In many companies, the regular sales force serves as a motivator to the national sales force
A financing statement is removed from the records by
A. final payment of the debt. B. a reconveyance deed. C. a notice of abandonment. D. the filing of a termination statement.