% Daily Value 1  *. * Percent Daily Values are based on a 2,000 calorie diet. ** 2  Nutrient information is not available for all ingredients. (-) 3  Information is not currently available for this nutrient.
Accounts Payable Procedures. The primary objectives of the audit were to (a) assess the adequacy. of internal controls of the Accounts Payable System, and (b) determine the accuracy and timeliness. in processing payments after products and services have been received. The audit produced the.
Effects. When accountants write Paid on Account in the accounts payable section of the general journal, the amount paid affects the liabilities and assets of the company. Because accounts payable is a liability to the company, lowering or eliminating the accounts payable balance decreases company liabilities.ccountants use the phrase Paid on Account in the general journal, also called the general ledger, of a company's accounting documents.