Q468
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:
A.
The supplier exist
B.
There are no unrecorded liabilities
AnswerC.
Recorded purchases actually occurred
D.
To link creditors with cash book entries
Answer: Option B
Solution
Answer: Option B
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