Comparing the Balance Per the Accounts Payable Subsidiary Ledger with the General

question 44

Multiple Choice

Comparing the balance per the accounts payable subsidiary ledger with the general ledger:

• A) achieves the completeness assertion.
• B) achieves the authorization assertion.
• C) achieves the existence assertion.
• D) All of the above.

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Definitions:

Valid

Legally sound, effective, or binding; having a solid, cogent basis in logic or fact.

Job-related Reason

A cause or rationale directly linked to one's employment, often used in making decisions about hiring, firing, or workplace adjustments.

Subcontracting Restrictions

Regulations or limitations placed on the ability of companies to outsource work to other firms, often to protect employees' jobs or ensure quality.

Outsourcing Restrictions

Policies or practices aimed at limiting the transfer of jobs or tasks to external contractors or locations, often to protect domestic employment.