ABC Co. has about 300 accounts receivable balances from a variety of businesses, ranging in size from

Question:

ABC Co. has about 300 balances from a variety of businesses, ranging in size from about $500 to $250 000. What types of confirmations would be sent? Justify your response.
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...