3 In the confirmation of accounts payable which of the follo

3. In the confirmation of accounts payable, which of the follo selected by the auditor for confirmation? a. A new vendor used for only one purchase near year-end. b. An account with a large year-end balance and low activity during the year. An account with low activity during the year and a small year-end balance. An account with high activity during the year and a zero year-end balance. c. d.

Solution

It is option D

For the accounts payable confirmation we need to select account with high activity irrespective of the amount of the balance