% 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.
Q&A. Since Accounts Payable is a liability account, it should have a credit balance. The credit balance indicates the amount that company or organization owes to its suppliers or vendors. The Accounts Payable account is credited when goods or services are purchased on credit terms (as opposed to being purchased for cash).