In Response to an Accounts Receivable Confirmation, a Customer Indicated

question 254

Multiple Choice

In response to an accounts receivable confirmation, a customer indicated that the invoice listed on the confirmation letter had been paid two months earlier. This may indicate that:

• A) The receivable was selected for confirmation in error.
• B) The customer is a bad credit risk.
• C) The receivable should be written off.
• D) Fraudulent activity has occurred.

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Definitions:

Shared Environment

Aspects of an individual's environment that are experienced collectively with others, contributing to similarities in behavior and development.

Autonomy

The capacity to make an informed, uncoerced decision or the ability of an individual to act independently.

Voluntary

Actions or decisions made based on individual free will or choice, without external coercion.

Sense Of Industry

A concept from Erik Erikson's stages of psychosocial development, referring to the period when children learn to be productive and work with others.