This topic contains a solution. Click here to go to the answer

Author Question: The audit objective that requires that existing notes payable be included in the notes payable ... (Read 81 times)

Tb12162018

  • Full Member
  • ***
  • Posts: 134

Question 1

Responsibility for the issuance of new notes payable would normally be vested in the
◦ board of directors.
◦ purchasing department.
◦ accounting department.
◦ accounts payable department.

Question 2

The audit objective that requires that existing notes payable be included in the notes payable schedule is satisfied by performing which of the following audit procedures?
◦ Confirm notes payable.
◦ Trace the total of the notes payable schedule to the general ledger.
◦ Review the notes payable schedule to determine whether any are related parties.
◦ Review the bank reconciliation for new notes credited directly to the bank account by the bank.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Tb12162018 on Aug 21, 2022

GoldenBrown

  • Full Member
  • ***
  • Posts: 166
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




Tb12162018

  • Member
  • Posts: 134
Reply 2 on: Aug 21, 2022
:D TYSM


marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

For a complete list of videos, visit our video library