Question 4 ( 12 marks ) In the following table, there are listed common audit objectives for& raccounts payable or purchases . For Each procedure , list the management assertion , and the related general audit objective. State whether the audit objective is transaction - related or balance - related . (12 mark's total, 1. 5 mark's per line* Accounts payable or purchases\\ Management Transaction - Balance* objectives Assertion related ? (YIN! related ? ( Y/N ) 1 . Accounts payable in the accounts payable trial balance are for valid purchases . 2. Recorded acquisitions are for goods and services received , Consistent with the best interests of the client . 3. Allacquisition transactions Are recorded 4. Recorded acquisition*