Which of the Following Documents Is Best for Verifying the Correct

question 50

Multiple Choice

Which of the following documents is best for verifying the correct balance in accounts payable?

• A)Bills of lading
• B)Confirmations
• C)Vendors' invoices
• D)Vendors' statements

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Definitions:

Disclosure

The act of making new or secret information known.

Concealment

The act of hiding or not disclosing important information intentionally.

Insurable Interest

A principle that requires an individual to have a legitimate financial or emotional stake in the preservation of the subject of insurance to obtain a policy.

Insurance Policy

A contract issued by an insurer to an insured, detailing the terms under which the insurer agrees to financially protect the insured against specific risks in exchange for premiums.