ACC 492 Week 2 Quiz / Assignmentcloud.com

Question 1

ACC 492 Week 2 Quiz

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1. Expenses are normally accrued at the end of the accounting period by a small business that follows the cash method of accounting. (True/False).
2. List two expense accounts that are usually accrued at the end of an accounting period. (30%)
3. Name the document that is usually completed before a purchase order is executed. (30%)
4. Which assertion is of primary importance to the auditor in auditing accounts payable? Why

Answer 1

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