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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
    Which of the Following Accounts Is Not Included in the Acquisitions
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Which of the Following Accounts Is Not Included in the Acquisitions

Question 30

Question 30

Multiple Choice

Which of the following accounts is not included in the acquisitions class of transactions?


A) Inventory
B) Prepaid expenses
C) Purchase discounts
D) Accounts payable

Correct Answer:

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