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select a sample of individual payables account for testing, focusing on material balances, zero balances and a sample of other items.
my doubt is:
how is payables have zero balances?
in my opinion, if payable is zero, it wont be listed in payables ledger.
so i have this doubt.The payable won’t contribute to the total amount owing, but the supplier’s account will still be there (showing a zero balance). The point about payables, in particular is that you con'[t want to miss any so need to investigate some zero amounts to ensure they are indeed zero.
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