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makvit [3.9K]
3 years ago
10

The search for unrecorded liabilities consists of procedures designed specifically to detect unrecorded payables and liabilities

and should be performed for what time period if the company has a December 31 year end?a) Looking as sales transactions to customers 14 days before and after December 31st.b) Looking as Equity Stock transactions (sale of common stock) 14 days before and after December 31st.c) Looking at purchase transactions of inventory 14 days before and after December 31st.d) Looking for significant recorded obligations from December 1st to December 31st.e) Looking for significant recorded obligations from January 1st to January 31st.
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer:

hmmm

Explanation:

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Answer:

a. Bonds payable   Liability account

b. Equipment   Asset account

c. Accounts payable    Liability account

d. Salaries payable   Liability account

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j. Inventory  Asset account

Explanation:

All the assets account is debit in nature, so the equipment, cash, account receivable and Inventory accounts are debit in nature and these are classified as asset.

All the account with credit nature is either classified as Liability or Equity accounts. Equity accounts are common stock, retained earning and sales revenue. Liabilities accounts are bond payable, account payable and salaries payable.

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Select the correct answer.
Mademuasel [1]

Answer:

C.earning college credits in high school.

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scoray [572]

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