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An audit of the balance in the accounts payable account...

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Question

Accounting

An audit of the balance in the accounts payable account is ordinarily not designed to:

Multiple Choice

  • Detect accounts payable that are substantially past due.

  • Verify that accounts payable were properly authorized.

  • Ascertain the reasonableness of recorded liabilities.

  • Determine that all existing liabilities at the balance sheet date have been recorded.

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