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It is a normal audit procedure to look at invoices received and paid in a first few weeks after the accounting period end.
Which of the following test will verify
The completness of prepayments is right answer, why not pre-payments of accruals?My apologies – I overlooked this post yesterday. Can you tell me the source of this question as it appears incomplete for me to assess. All I can say based on your post is that there is no such thing as a “prepayment of accruals” – either an expense is prepaid (i.e. recorded and/or paid in advance of the delivery of goods/services) or it is accrued (i.e. the goods/services are received before the invoice is recorded and/or paid).
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