The Aged Accounts Receivable Report Is Utilized by the Auditor

question 61

Multiple Choice

The aged accounts receivable report is utilized by the auditor to

• A)encourage the client to collect on receivables that are long past due.
• B)select the type of confirmations that will be sent to banks.
• C)assess the adequacy of the allowance for doubtful accounts.
• D)identify debits in the receivables balance that should be reclassified to payables.

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Definitions:

Pathogenic Spores

Microscopic biological particles that can cause disease when they enter a host organism.

Tetanus

A disease caused by Clostridium tetani living in the soil and water; more commonly called lockjaw.

Puncture Wound

A type of injury caused by an object piercing the skin and creating a small, deep hole.

Mononucleosis

A highly contagious viral infection caused by the Epstein-Barr virus (EBV).