Which of the Following Would Indicate the Need to Use

question 13

Multiple Choice

Which of the following would indicate the need to use positive accounts receivable confirmation requests?

• A)A large population consisting of small balances.
• B)Good internal control over accounts receivable.
• C)Most accounts are with large reputable companies.
• D)A large number of accounts receivable are in dispute.

Comprehend the sequence and preparation of financial statements.

Calculate net income or net loss correctly.

Recognize the significance and placement of withdrawals and expenses in financial reporting.

Understand the structure and purpose of a trial balance in accounting.