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alexira [117]
2 years ago
7

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is record

ed. The population of documents for this test consists of all?
Business
1 answer:
Leto [7]2 years ago
5 0

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.

<h3>What are receiving reports?</h3>

Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.

Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.

Learn more about receiving reports here:

brainly.com/question/14802834

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Consignment goods are:
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Goods shipped by the owner to the consignee who sells the goods for the owner.

Explanation:

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If the demand for an item increases,what effect will it have an price and quantity? A) price will increase and quantity increas.
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A depositor places $10,000 in cash in a commercial bank, where the required reserve ratio is 10 percent. The bank sends the $10,
garik1379 [7]

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C) $10,000, $1,000, and $9,000, respectively.

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since the bank kept the whole $10,000 as reserves, then:

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The bank is only required to keep $1,000 in reserves, this means it can borrow the remaining $9,000 whenever they want.

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