An Auditor Reconciles the Total of the Accounts Receivable Subsidiary

question 51

Multiple Choice

An auditor reconciles the total of the accounts receivable subsidiary ledger to the general ledger control account as of October 31. By this procedure, the auditor would be most likely to learn about which of the following?

• A)An October invoice was improperly computed.
• B)An October check from a customer was posted in error to the account of another customer with a similar name.
• C)An opening balance in a subsidiary ledger account was improperly carried forward from the previous accounting period.
• D)An account balance is past due and should be written off.

Identify the ways and means of changing one’s personality over time.

Realize the key factors that influence personality change.

Understand the biological underpinnings of consistent behavior patterns and their exceptions.

Appreciate the role and complexity of free will within psychological research.

---

Definitions:

Guarantor

An individual or entity that agrees to be responsible for another's debt or obligations in case of default.

Obligee

In contract law, the party to whom another party owes an obligation.

Specially Manufactured Goods

Products that are custom-made to a buyer's specifications, often not suitable for sale to others.

Oral

relates to spoken rather than written communication, often used in contexts such as contracts, agreements, or testimonies.