An Aged Trial Balance of Accounts Receivable Is Normally Used

question 21

Multiple Choice

An aged trial balance of accounts receivable is normally used by the auditor to

• A) Verify the existence of recorded receivables.
• B) Ensure that all accounts are promptly credited.
• C) Evaluate the results of tests of controls.
• D) Evaluate the provision for bad debts.

---

Definitions:

Operational Plans

Detailed, short-term plans outlining how to achieve the strategic goals of an organization.

Mergers and Acquisitions

Business activities where companies are consolidated or purchased to expand operations or enter new markets.

Strategic Plans

Long-term action plans designed to position an organization for competitive advantage and successful achievement of its overall goals.

Operational Plans

Detailed plans outlining how the strategic goals of an organization will be achieved through specific actions within a short to medium timeframe.