Question:

accrued liabilities an adjusting journal entry completeness less receiving report\fSelect the necessary words from the list of possibilities to complete the following statements. Statements Answer 1. Auditors are primarily concerned with establishing the of recorded accounts payable. 2. Accounts payable from important vendors should be confirmed, even though the accounts have balances at year-end. 3. In comparison to the confirmation of accounts receivable, the confirmation of accounts payable is performed frequently. 4 Most represent obligations payable sometime during the succeeding period for services of a continuing nature received before the balance sheet date. 5. Proper balance sheet presentation of accounts payable requires that any material amounts payable to such as directors and officers, be disclosed separately from other accounts payable