Substantive Procedures to Examine the Cutoff Assertion for Accounts Payable

question 6

Multiple Choice

Substantive procedures to examine the cutoff assertion for accounts payable include:

• A)selecting a sample of vouchers and agreeing them to authorized purchase orders.
• B)selecting a sample of vouchers and agreeing them to the purchases journal.
• C)selecting a sample of receiving reports around year-end and comparing dates on related vouchers to dates in the purchases journal.
• D)recomputing the mathematical accuracy of a sample of vendor invoices.

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Definitions:

Astyanax

A genus of small freshwater fish widely used in scientific research, particularly in studies of development and genetics.

Parallel Evolution

Refers to independent evolution of similar traits, starting from a similar ancestral condition.

Placental Mammals

Mammals that give birth to live, fully developed young that have been nourished in the womb via a placenta.

Marsupial Mammals

A group of mammals characterized by giving birth to relatively undeveloped offspring which typically continue to develop in a pouch on the mother's body.