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For each of the Internal control questions for notes payable, indicate by letter the related ASB transaction sertion. Answers may be used more than once.
For each of the Internal control questions for notes payable, indicate by letter the related ASB transaction sertion. Answers may be used more than once. Are paid notes canceled stamped PAID. and Kled? 2. Are bank due notices compared with records of unpaid kabeities? 3. Are notes payable kept by someone who cannot sign notes or checks? 4. Is all borrowing authorization by the directors checked to determine whether all notes payablo are recorded? Valuation or allocation Occurrence Completeness Rights
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