To Determine If Notes Payable Are Included in the Proper

question 12

Multiple Choice

To determine if notes payable are included in the proper period,the auditor should

• A)trace the cash received from the issuance to the accounting records.
• B)examine duplicate copies of notes to determine whether the notes were dated on or before the balance sheet date.
• C)examine duplicate copies of notes for principal and interest rates.
• D)trace the individual notes payable to the master file.

---

Definitions:

Maslow's Hierarchy Of Needs

A psychological theory proposing that humans have five levels of needs that motivate their behavior, from basic physiological needs to self-actualization.

Hierarchy Of Importance

A ranking system that establishes priorities based on the relevance or significance of elements within a structure or system.

Motivators

Factors that stimulate desire, energy in people to be continuously interested and committed to a job, role or subject, or to make an effort to attain a goal.

Wants

Desires or wishes for goods, services, or conditions, not essential for basic survival but considered as additional comfort or luxury.