Which of the Following Are Substantive Tests of Payables Balances

question 5

Multiple Choice

Which of the following are substantive tests of payables balances that are always performed?

• A) performing a search for unrecorded liabilities
• B) examining the client's bank reconciliations
• C) testing the cut-off by inspecting the payments ledger and supporting documents to determine that transactions are recorded in the correct period
• D) all of the above.

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Definitions:

Chromosomes

Structures within cells that consist of DNA and protein, containing genes which are units of heredity and determine characteristics of an organism.

Protein Synthesis

The process in which cells build proteins based on instructions from genes.

Santiago Ramón y Cajal

A Spanish neuroscientist known for his pioneering work on the structure of the nervous system and the neuron doctrine.

Camillo Golgi

An Italian physician and scientist known for his pioneering work in neurobiology; he discovered the Golgi apparatus, a critical cellular organelle.