The auditors usually find in the clients possession documentary evidence, such as invoices, supporting both accounts receivable and accounts payable Is there any difference in the quality of such evidence for accounts receivable and for accounts payable Explain ...

For accounts payable the auditors will find in the clients pos ...

The auditors usually find in the clients possession documentary evidence, such as invoices, supporting both accounts receivable

Question:

The auditors usually find in the client’s possession documentary evidence, such as invoices, supporting both and accounts payable. Is there any difference in the quality of such evidence for and for accounts payable? Explain.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...