Most Tests of Accounts Receivable Are Based on What Schedule

question 115

Multiple Choice

Most tests of accounts receivable are based on what schedule, file, or listing?

• A) sales master file
• B) aged accounts receivable trial balance
• C) accounts receivable master file
• D) accounts receivable general ledger account

---

Definitions:

Utility

A measure of satisfaction or benefit that a consumer receives from consuming goods and services.

Consumer Derives

The satisfaction or utility that a consumer obtains from the consumption of goods and services.

Total Utility

The complete fulfillment obtained from the consumption of a specific overall amount of a product or service.

Satisfaction

The feeling of fulfillment or contentment one derives from meeting a need or desire.