To determine whether accounts payable are complete, auditors perform a test to verify that all merchandise received

Question:

To determine whether are complete, auditors perform a test to verify that all merchandise received has been recorded. The population for this test consists of all a. Vendors’ invoices.
b. Purchase orders.
c. Receiving reports.
d. Canceled checks.

Accounts Payable
Accounts 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...