Management Notes

Management Notes

Reference Notes for Management

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

In order to vouch bought ledger the auditor obtain confirmations from creditors. Theprincipal reason for the auditor to examine suppliers statements at balance sheet date is to obtain evidence that

by
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

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

 Options:

a) the supplier exist
b) there are no unrecorded liabilities
c) recorded purchases actually occurred
d) to link creditors with cash book entries

The Correct Answer Is:

b) there are no unrecorded liabilities

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