Problem

You are auditing the vouchers payable account of Horrocks International. You are particula...

You are auditing the vouchers payable account of Horrocks International. You are particularly concerned that there might be debit balances included in the account. You have been provided the computer listing of all 10,516 accounts that make up the $4,763,282 balance.

Required:

Why are external auditors concerned about debit balances in payables?

What specific procedures and commands would you employ using ACL to audit the vouchers payable account?

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