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When confirming accounts payable, the approach is most likely to be one of: ...

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Accounting

When confirming accounts payable, the approach is most likely to be one of:

Multiple Choice

  • Selecting the accounts with the largest balances at year-end, plus a sample of other accounts.

  • Selecting the accounts of companies with whom the client has previously done the most business, plus a sample of other accounts.

  • Selecting a random sample of accounts payable at year-end.

  • Confirming all accounts.

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