When an Auditor Finds a Debit to Accounts Payable,which of the Following

question 20

Multiple Choice

When an auditor finds a debit to accounts payable,which of the following accounts is most likely to be credited?

• A)Accounts Receivable.
• B)Accrued liabilities.
• C)Cash.
• D)Cost of goods sold.

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Definitions:

Intersection

The point or set of points where two or more paths, lines, or surfaces cross each other, often used in mathematics and geography.

Row

A horizontal line of cells in a spreadsheet or table.

Column

A vertical division in a table or spreadsheet that categorizes information under a specific heading for organization and reference.

Cell

The basic unit of a spreadsheet or table, defined by the intersection of a row and a column, used to enter and store data.