The Most Important Test of Details of Balances to Determine

question 98

Multiple Choice

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

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

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Definitions:

Information

A finding by a magistrate that there is enough evidence to charge the defendant and bring her or him to trial.

Text

Written or printed words, especially the main body of work in published or unpublished form.

UPA

An abbreviation for Uniform Partnership Act, a set of laws adopted by states to regulate the operation of partnerships within its jurisdiction.

Partnership Liability

Partnership liability is the legal responsibility shared among partners in a partnership for debts and obligations of the partnership.