AUDITING LL W/ CONNECT <C>
AUDITING LL W/ CONNECT <C>
11th Edition
ISBN: 9781307416268
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 15, Problem 15.13MCQ
To determine

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Long term debt include loan taken from bank and financial institutions for long term purposes. Long term debt is for purchasing some fixed assets for the business. Long term debt can be taken from persons, relatives and friends. Audit program regarding checking of long term debt and its use in business.

To choose: The step of the audit program for long term debt

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