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    Auditing Assurance Services Study Set 1
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    Exam 15: Audit of Transaction Cycles and Financial Statement Balances I
  5. Question
    The Major Balance Sheet Account in the Acquisition and Payment
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The Major Balance Sheet Account in the Acquisition and Payment

Question 88

Question 88

Multiple Choice

The major balance sheet account in the acquisition and payment cycle is:


A) purchases.
B) ordinary shares.
C) merchandise inventory.
D) accounts payable.

Correct Answer:

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