An accounts receivable positive confirmation: (a) Provides evidence about the classification assertion. (b) Provides evidence about the
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An accounts receivable positive confirmation:
(a) Provides evidence about the classification assertion.
(b) Provides evidence about the existence of the accounts receivable.
(c) Provides evidence that the accounts receivable will definitely be collected.
(d) Is not as useful as a negative confirmation.
Accounts ReceivableAccounts 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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Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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