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    Auditing and Assurance Services Study Set 2
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    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls
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    Proper Accounting Requires an Adjustment to the Allowance for Uncollectible
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Proper Accounting Requires an Adjustment to the Allowance for Uncollectible

Question 91

Question 91

True/False

Proper accounting requires an adjustment to the allowance for uncollectible accounts after a customer with an unpaid balance to the company has declared bankruptcy or after the account has been turned over to a collection agency.

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