Accounts Payable Audit procedures are quite different from the testing of other liability account balances. The population is from the period outside the period under audit. Interesting, right? Read on further to understand those procedures. Accounts Payable is a … [Read more...] about Accounts Payable Audit Procedures
trade creditors
Trade Payable vs Non Trade Payable
Payables are debts which needs to be settled in a year or more depending on their nature. Business thrive through trading of goods or offering services. Such operations require support from suppliers or service providers. Raw materials or any business inputs are obtained on … [Read more...] about Trade Payable vs Non Trade Payable