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    Auditing and Assurance Services Study Set 1
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
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    A Customer Mails and Records a Check to a Client
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A Customer Mails and Records a Check to a Client

Question 62

Question 62

Multiple Choice

A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. This represents:


A) A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. This represents: A)    B)    C)    D)
B) A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. This represents: A)    B)    C)    D)
C) A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. This represents: A)    B)    C)    D)
D) A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. This represents: A)    B)    C)    D)

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