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Which of the Following Is Not an Initial Procedure for Verifying

Question 16

Multiple Choice

Which of the following is not an initial procedure for verifying accounts payable?


A) trace the opening balance to the prior year's working papers (if applicable) .
B) review activity in the general ledger account for any unusual entries.
C) reconcile accounts to monthly supplier's statements.
D) obtain a listing of amounts owed at the balance sheet date.

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