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Which is determine the amount due to an individual vendor

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Reference no: EM132676021

Problem 1- If a confirmation were sent to the vendor, it would help establish which assertions?

a. Valuation.

b. Existence.

c. Rights and obligations.

d. All of the above.

Problem 2- Which is better for determining the amount due to an individual vendor, vendor invoices or the vendor statement?

a. The two are of about equal value in determining the amount of an individual accounts payable.

b. The vendor invoice.

c. The vendor statement.

d. Neither is particularly helpful

Reference no: EM132676021

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