Many analytical procedures focus on _______.
A)the relationship between purchases and accounts payable
B)the relationship between purchases and accounts receivable
C)the relationship between sales and accounts payable
D)the relationship between sales and purchases

Question

Quizplus · Accepted Answer

Analytical procedures often focus on the relationship between purchases and accounts payable because this can help identify any potential discrepancies or irregularities in the purchasing process, such as unrecorded liabilities or fraudulent vendor payments. The other options are less commonly used as analytical procedures.

Many Analytical Procedures Focus on _______