Multiple Choice
When evaluating the risk of material misstatement with regards to defalcations involving receivables (a credit entry to accounts receivable for amounts not received) , the auditor would expect an experienced bookkeeper to most likely debit which of the following accounts?
A) Cash.
B) Sales returns.
C) Miscellaneous income.
D) Accounts payable.
Correct Answer:
Verified
Correct Answer:
Verified
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