Multiple Choice Questions on In order to vouch bought ledger the auditor obtain confirmations from creditors The principal reason........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

In order to vouch bought ledger the auditor obtain confirmations from creditors The principal reason...........

Auditing Vouching and verification
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    In order to vouch bought ledger, the auditor obtain confirmations from creditors. The principal reason for the auditor to examine suppliers statements at balance sheet date is to obtain evidence that

     

    The supplier exist

    Incorrect Answer

    There are no unrecorded liabilities

    Correct Answer

    Recorded purchases actually occurred

    Incorrect Answer

    To link creditors with cash book entries

    Incorrect Answer
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    Explanation:

    There are no unrecorded liabilities

    By: Parvesh Mehta
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