Statements concerning accounts payable confirmations

Assignment Help Financial Management

Reference no: EM131537688

All of the following statements concerning accounts payable confirmations are correct, except:

A. Confirmations are typically used to ask the vendor to supply the balance owed by the entity

B. Positive confirmations are usually used for accounts payable transactions.

C. Confirmations used to audit accounts payable are also referred to as ‘blank’ confirmations.

D. Negative confirmations are normally used more often than positive confirmations

Reference no: EM131537688

Questions Cloud

How many of the eruptions : Using?Chebychev's Theorem, determine at least how many of the eruptions lasted between 0.97 and 5.35 minutes.

Population feel that grades : One? study, based on responses from 1 comma 013 randomly selected? teenagers, concluded that 42?% of teenagers cite grades.

Auditing procedures to examine the completeness assertion : Auditing procedures to examine the completeness assertion for accounts payable include all of the following, except:

Show the entry in smith journal to record the matter : Smith, a trader, received from his solicitor a cheque for £74 which represented the proceeds of collecting a debt due to him from Jones, a customer.

Statements concerning accounts payable confirmations : All of the following statements concerning accounts payable confirmations are correct, except:

What is the price of a bond that has a yield to maturity : What is the price of a bond that has a yield to maturity of 10%, a $1,000 par value, 9 years to maturity, and a coupon rate of 8%, paid semi annually?

Develop a risk management policy : Your job is to develop a risk management policy that addresses the two security breaches and how to mitigate these risks

Four plans has the lowest weighted average cost of capital : Which of the four plans has the lowest weighted average cost of capital?

Describe the variability in conditions : After the participants completed a puzzle and ate the candy they were asked how delicious they thought the good was on a scale.

User Account

All Pages