Question 1c
Marking Guide
up to 1 mark per well explained substantive procedure | |
| agree purchase ledger to general and financial statements | |
| review payable to prior year | |
| calculate trade payables | |
| after date payments review | |
| after date invoices/credit notes review | |
| supplier statement reviews | |
| payables’ circularisation | |
| goods received not invoiced | |
| cut-off testing | |
| debit balances review | |
| disclosure within current liabilities | |
| max marks | 5 |