To determine whether accounts payable are complete,auditors perform a test to verify that all merchandise received has been recorded.The population for this test consists of all
A)Vendors' invoices.
B)Purchase orders.
C)Receiving reports.
D)Canceled checks.

Question

Quizplus · Accepted Answer

The test to verify completeness of accounts payable involves verifying that all merchandise received has been recorded. Therefore, the population for this test should include the receiving reports documenting the receipt of merchandise. The purchase orders, vendors' invoices, and canceled checks may be used for other tests, but are not relevant for this specific test.

To Determine Whether Accounts Payable Are Complete,auditors Perform a Test