When confirming accounts payable emphasis should be put on what kind of

When confirming accounts payable emphasis should be

This preview shows page 2 - 4 out of 25 pages.

20.When confirming accounts payable, emphasis should be put on what kind of accounts? A. Accounts with small or zero balances.B. All accounts should be equally emphasized.C. Accounts with large balances.D. Accounts listed in the accounts payable subsidiary.21."Recorded vouchers (accounts payable entries) in the voucher register (e.g., purchases journal) supported by completed voucher documentation" is a specific example of which management assertion? 22."All purchase orders are supported by requisitions from proper persons" is a specific example of which management assertion? 23.Cash disbursements are authorized by 24.For the copy of the purchase order that goes to the receiving department, it is best to A. Leave off the description of the goods ordered.B. Leave off the quantity of the goods ordered.C. Leave off the name of the vendor.D. Have the receiving department forward all copies of the purchase order to accounts payable.25.Vouchers should be stamped PAID to 26.A voucher package is used to
Background image
27.An auditor traced a sample of purchase orders and the related receiving reports to the purchases journal. The purpose of this substantive audit procedure most likely was to 28.The usual source for journal entries posted to the general ledger to record the purchase of inventory is A. Sales invoices updated with cost data from the inventory records department.B. Purchase invoices updated with cost data from the inventory records department.C. Receiving reports updated with cost data from the accounts payable department.D. Vouchers payable journal from the accounts payable department.
Background image
Image of page 4

You've reached the end of your free preview.

Want to read all 25 pages?

  • Spring '12
  • janigrt
  • d., invoice

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes