Which One of the Following Types of Receivables Would NOT

question 31

Multiple Choice

Which one of the following types of receivables would NOT require special attention from the auditor?

• A) accounts that have been outstanding for a long time
• B) accounts with credit balances
• C) accounts where no reply was received to a negative confirmation request
• D) receivables from affiliated companies

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Definitions:

Vitamin D

Vitamin D is a fat-soluble vitamin essential for healthy bones and immune function, obtained from sunlight exposure and certain foods.

Ultraviolet Light

A form of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, capable of causing chemical reactions and damage to living organisms.

First-Degree

Refers to the mildest form of burn affecting only the outer layer of skin, causing redness and pain.

Slight Sunburn

Mild overexposure of the skin to ultraviolet light from the sun, causing redness and discomfort but usually healing without serious consequences.