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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

If the total of the schedule of accounts payable does not agree with the Accounts Payable balance, what procedures should be used to search for the error?

To determine

Indicate the steps to be followed to find the error in Accounts Payable Schedule, if the total in the schedule does not agree with the Accounts Payable balance.

Explanation

Schedule of accounts payable: This is the schedule which is prepared to verify that the total balances of all the suppliers in the accounts payable ledger, equals the balance of Accounts Payable in the general ledger...

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