Distinguish between the positive and negative forms of accounts receivable confirmations. Which confirmation type, positive or negative,

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Distinguish between the positive and negative forms of confirmations.
Which confirmation type, positive or negative, is considered the more reliable? Why?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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Positive confirmations are letters sent to a sample of customers asking them to sign and r...View the full answer

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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Question Posted: Sep 22, 2014 08:27 AM

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Distinguish between the positive and negative forms of accounts receivable confirmations. Which confirmation type, positive or negative,

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Positive confirmations are letters sent to a sample of customers asking them to sign and r...View the full answer

Auditing a risk based approach to conducting a quality audit

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