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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    Because of Double-Entry Accounting, Misstatement of an Expense Account Usually
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Because of Double-Entry Accounting, Misstatement of an Expense Account Usually

Question 118

Question 118

True/False

Because of double-entry accounting, misstatement of an expense account usually also results in an equal misstatement of accounts payable.

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