Consider the Following Procedures for the Verification of Accounts Payable

question 77

Multiple Choice

Consider the following procedures for the verification of accounts payable:
-Construction work is underway on a new wing of the warehouse. The work is about 10% complete. The contract calls for the first progress billing at 25% completion.
_____

• A)Verify the accuracy of schedules and agreement with accounts payable balances.
• B)Apply analytical procedures.
• C)Vouch recorded payables.
• D)Confirm accounts payablE.
• E)Perform purchases cutoff test.
• F)Perform cash disbursements cutoff test.
• G)Examine subsequent payments.
• H)Search for unrecorded accounts payablE.
• I)Compare statement presentation with GAAP.

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