Question
The primary purpose of the audit procedure that examines the underlying documentation for cash disbursements made after the balance sheet date is to: a. Uncover
The primary purpose of the audit procedure that "examines the underlying documentation for cash disbursements made after the balance sheet date" is to:
a. Uncover liabilities on the balance sheet that should not have been recorded until a subsequent period.
b. Find the documentation relating to a specific cash disbursement.
c. Uncover payments made in a subsequent accounting period that represent liabilities at the balance sheet date.
d. Uncover cash disbursements recorded in a subsequent accounting period that should be recorded in a future period.
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