Comparing the number of day's purchases in trade payable with prior years would provide persuasive evidence of accounts payable.

Question

Quizplus · Accepted Answer

Comparing the number of day's purchases in trade payable with prior years helps in analyzing trends and efficiency in managing payables, but it does not directly provide persuasive evidence of the completeness or accuracy of accounts payable. Persuasive evidence for accounts payable typically involves confirmation with suppliers, reviewing subsequent payments, or matching invoices to receiving reports.

Comparing the Number of Day's Purchases in Trade Payable with Prior