Multiple Choice
You were surprised to note that approximately 95% of returned positive accounts receivable confirmation requests indicated that the customers thought that they owed a larger balance than the amount that had been printed by your client on the confirmation.This might be explained by the fact that:
A) The cash receipts journal was closed before year-end.
B) The cash receipts journal was held open after year-end.
C) There are many unrecorded liabilities.
D) The sales journal was held open after year-end.
Correct Answer:
Verified
Correct Answer:
Verified
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