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Other Fields Homework Help Accounting Topic started by: cjohns21 on Aug 1, 2022



Title: To determine if notes payable is included in the proper period, the auditor should
Post by: cjohns21 on Aug 1, 2022
To determine if notes payable is included in the proper period, the auditor should

▸ trace the cash received from the issuance to the accounting records.

▸ examine duplicate copies of notes to determine whether the notes were dated on or before the balance sheet date.

▸ examine duplicate copies of notes for principal and interest rates.

▸ trace the individual notes payable to the master file.


Title: To determine if notes payable is included in the proper period, the auditor should
Post by: anitasag on Aug 1, 2022
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