A substantive test usually performed on accounts payable is a search for unrecorded liabilities. Discuss this test.
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A substantive test usually performed on accounts payable is a search for unrecorded liabilities. Discuss this test.
Accounts PayableAccounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Related Book For 
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
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