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A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to: Accounts payable. Notes
A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to:
| Accounts payable. |
| Notes payable. |
| Purchases. |
| Sales discounts. |
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
