Which of the Following Audit Tests Would Provide Evidence Regarding

question 47

Multiple Choice

Which of the following audit tests would provide evidence regarding the balance-related audit objective of existence for an audit of notes payable?

• A) Examine due dates on duplicate copies of notes.
• B) Examine balance sheet for proper presentation and disclosure of notes payable.
• C) Examine corporate minutes for loan approval.
• D) Foot the notes payable list for notes payable and accrued interest.

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