ReSA - THE REVIEW SCHOOL OF ACCOUNTANCY 

CPA Review Batch 41  May 2021 CPA Licensure Examination  Quizzer Solutions
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AUDITING (Auditing Problems) S. Ireneo  C. Espenilla

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 AP-300S: SOLUTION
SOLUTIONSS TO QUIZZER ON FINANCING,
FINANCING, EXPENDITURE/PURCHASE
EXPENDITURE/PURCHASE
& DISBURSEMENT CYCLES: AUDIT OF LIABILITIES

Should have
been Letter B,
except for the
transposition
error in AP-
300Q

!"#$ & '( ) !"#$%&'!'&#'  )))*+,-./0.+,12,)*/34

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ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ * '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ + '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ , '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ - '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ . '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ / '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ 0 '( )
 

ReSA – THE REVIEW SCHOOL OF ACCOUNTANCY   AP-300S 

Quizzer Solutions: FINANCING, EXP./PURCHASE & DIBURSEMENT CYCLES: AUDIT OF LIABILITIES 

!"#$ ) '( )