Multiple Choice
A sample of positive confirmations is mailed for material accounts receivable balances.Frequently there is a lack of response.Which of the following is not an acceptable alternative procedure?
A) Reviewing collections on the account subsequent to the confirmation date.
B) Inquiry of management.
C) Mailing second and third confirmations.
D) Examination of supporting documents.
Correct Answer:
Verified
Correct Answer:
Verified
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