Question

Which of the following responses to an accounts receivable confirmation at December 31 would cause an audit team the most concern?
a. “ This amount was paid on December 30.”
b. “ We received this shipment on January 2.”
c. “ These goods were returned for credit on November 15.”
d. “ The balance does not reflect our sales discount for paying by January 5.”



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  • CreatedOctober 27, 2014
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