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Explain what effect do incomplete accounts payable have

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Reference no: EM132737588

Problem 1. What effect do incomplete accounts payable have on the Balance Sheet? What effect do incomplete payable have on the Income Statement?

Problem 2. Identify and describe the two forms of accounts receivable confirmation requests. List one factor to consider when deciding which form of confirmation to use.

Problem 3. write an audit procedure for the Test of Controls to test the VALIDITY OBJECTIVE for a credit sale transaction. (Note: This is a control test, a substantive test.

Reference no: EM132737588

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