Which of the Following Is Not an Initial Procedure for Verifying

question 16

Multiple Choice

Which of the following is not an initial procedure for verifying accounts payable?

• A) trace the opening balance to the prior year's working papers (if applicable).
• B) review activity in the general ledger account for any unusual entries.
• C) reconcile accounts to monthly supplier's statements.
• D) obtain a listing of amounts owed at the balance sheet date.