t is an amount owed to suppliers for goods purchased or services performed on credit. a. Outstanding expenses b. Accounts payable c. Unearned revenues d. Bank overdrafts
t is an amount owed to suppliers for goods purchased or services performed on credit. a. Outstanding expenses b. Accounts payable c. Unearned revenues d. Bank overdrafts
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 2CYBK: In the revenue cycle, the most significant accounts typically include revenue and accounts...
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It is an amount owed to suppliers for goods purchased or services performed on credit.
a.
Outstanding expenses
b.
Accounts payable
c.
Unearned revenues
d.
Bank overdrafts
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