Question

These questions are from Brony's Bike module-2

11. Which of the following procedures would the auditor perform in testing the completeness assertion for accounts payable?
SelectExamine a sample of cash disbursements made after year end to determine whether the disbursements were for goods applicable to the previous year.Reconcile vendor's statements with the accounts receivable trial balance.Examine production equipment for useful lives.Gather purchase orders immediately previous to and subsequent to year-end.Item 11

12. An auditor may best test commissions expense for salespeople when control risk is low by performing which of the following procedures?
SelectAlternative procedures.Tagging and tracing.Analytical procedures.Subsequent proof of cash.Item 12

13. An internal control benefit of centralized purchasing in an organization includes which of the following?
SelectMathematically accurate vendor invoices.An increase in the number of vendors used.Increased compensation of agents through side agreements.Separation of authorization from the custody and recording function.Item 13

14. Please indicate the proper sequence of the acquisition cycle:

1. Approval of items for payment.

2. Authorized requisition for goods or services.

3. Cash disbursements.

4. Receipt of goods and services.

5. Authorized purchase of goods or services.
Select2, 1, 4, 5, 32, 4, 5, 1, 32, 5, 4, 1, 32, 5, 1, 4, 3Item 14

15. Which of the following controls represents a control over cash that is unique to cash accounts?

Answer 1

11. Records payable are the installments a business owes to merchants for stock, supplies or administrations. Testing for fulfillment implies watching that the organization records show every one of the records payable and express the sums owed precisely

Completeness Testing

Accommodate the records payable record with the control account abridging the record. On the off chance that records payable are finished, Southeast Missouri State University says, the two ought to be equivalent. Ensure there are money distributions to coordinate any decrease in creditor liabilities, and each mark taking care of a seller has a relating account. In the event that a check can't be coordinated to a record, it might mean the record isn't on the books.

Therefore, correct option is examining underlying documentation for cash disbursements in the period after year-end

For explanation of other questions Please ask multiple questions separately

12. Analytical procedures

13. Separation of authorization from the custody and recording function

14. 2, 5, 4, 1, 3

15. Restrictive endorsements of customer checks