An Audit Plan for Accounts Payable Would Not Include Which

question 61

Multiple Choice

An audit plan for accounts payable would not include which of the following procedures?

• A)Obtaining a trial balance of recorded accounts payable
• B)Sending confirmation to accounts with zero balances
• C)Reviewing cash receipts for the period after year-end.
• D)Obtaining written client representations about related-party payables and pledges of assets as collateral for liabilities

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Definitions:

Power Factor

A measure of how effectively electrical power is converted into useful work output, representing the ratio of the real power flowing to the load to the apparent power in the circuit.

RLC Parallel Circuit

An electrical circuit consisting of resistors (R), inductors (L), and capacitors (C) connected in parallel, affecting the impedance and phase of the circuit.

Inductive VARs

Volt-Amps Reactive attributed to inductance in a circuit, representing power that oscillates between the source and an inductive load but does not perform work.

Impedance

A measure of the opposition that a circuit presents to the passage of a current when a voltage is applied, incorporating both resistance and reactance.