Communication Addressed to the Debtor Requesting Him or Her to Confirm

question 92

Multiple Choice

Communication addressed to the debtor requesting him or her to confirm whether the balance as stated on the communication is correct or incorrect is a:

• A) bank confirmation.
• B) positive confirmation.
• C) negative confirmation.
• D) management letter.

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Definitions:

Business Venture

An entrepreneurial enterprise or company initiated by an individual or a group of people to seek profit by providing products or services.

Executive Summary

A condensed version of a document, report, or proposal that highlights its main points, intended to give readers a quick overview of its content.

Intangibles

Non-physical assets such as intellectual property, brands, or goodwill that have value for an organization.

Joint Ventures

A strategic alliance where two or more parties come together to undertake a specific business project or activity while sharing risks and rewards.