Which One of the Following Is NOT an Accounts Receivable

question 52

Multiple Choice

Which one of the following is NOT an accounts receivable balance-related audit objective?

• A) Recorded accounts receivable exist.
• B) Internal controls for accounts receivable are adequate.
• C) Accounts receivable is stated at realisable value.
• D) The client has rights to accounts receivable.

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Definitions:

Social Movements

Collective, organized campaigns aimed at achieving a particular social, political, economic, or cultural goal, often outside of institutionalized political channels.

Marginal

Positioned at the fringe or edge, often referring to groups or individuals that are considered outside the mainstream of society or economically and socially disadvantaged.

Socially Engaged

Active participation in community or societal issues and efforts to promote social change.

Cultural Lag

A theory suggesting that culture takes time to catch up with technological innovations, leading to social problems.