Which of the Following Are Substantive Tests of Payables Balances

question 43

Multiple Choice

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

• A)Test the cut-off by inspecting the payments ledger and supporting documents to determine that transactions are recorded in the period
• B)Perform a search for unrecorded liabilities
• C)Examine the client's bank reconciliations
• D)All of the above

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