Which of the following responses to an accounts receivable confirmation at December 31 would cause an audit

Question:

Which of the following responses to an 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.”

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...