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Which of the following is correct concerning confirmation of accounts payable? A/ Confirmation is not required procedure on account payable B/ Its a generally accepted
Which of the following is correct concerning confirmation of accounts payable?
A/ Confirmation is not required procedure on account payable
B/ Its a generally accepted auditing procedure that is required
C/ Its often unnecessary because accounts payable balance at the balance sheet date may not be paid before the audit is completed D/ The basis for selection of accounts is the largest balance due
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