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  3. Study Set
    Auditing and Assurance Services Study Set 1
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    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    What Typically Ends the Acquisitions and Payment Cycle
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What Typically Ends the Acquisitions and Payment Cycle

Question 93

Question 93

Multiple Choice

What typically ends the acquisitions and payment cycle?


A) Issuance of a purchase requisition or request for purchase of goods/services
B) Issuance of a payment on accounts payable
C) Approval of a new vendor
D) Purchase requisition

Correct Answer:

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