The Most Important Test of Details of Balances to Determine

question 57

Multiple Choice

The most important test of details of balances to determine the existence of recorded accounts receivable is:

• A) tracing the credits in accounts receivable to bank deposits.
• B) tracing sales returns entries to credit notes issued and receiving room reports.
• C) the confirmation of customers' balances.
• D) tracing sales entries to shipping documents.

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Definitions:

Pyrrolidine

A cyclic secondary amine, presenting as a clear liquid with an unpleasant smell, used as a building block in the synthesis of pharmaceuticals and alkaloids.

Ethylamine

A colorless gas with a fishy smell, used in chemical synthesis, represented by the chemical formula C2H5NH2.

Hybridized

Refers to the concept in chemistry where atomic orbitals mix to form new hybrid orbitals, which can explain the geometry of molecular bonding.

CNC Bond

A bond formation involving a carbon-nitrogen-carbon sequence, significant in the structure of various organic molecules.