The Most Effective Audit Procedure for Determining If an Account

question 77

Multiple Choice

The most effective audit procedure for determining if an account receivable will be collected is ________.

• A)examination of cash collections subsequent to the year-end
• B)examination of sales invoice(s)
• C)confirmation of the account
• D)the review of the customer's file to determine previous collection experience and to check sales orders from the customer for evidence credit approval

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Definitions:

Independent Variable

The variable that is manipulated or changed in an experiment to test its effects on dependent variables.

Room Decorations

Elements and objects used to enhance the aesthetic appeal and functionality of a living space.

Food Consumed

The types and amounts of food ingested by an organism or individual.

Independent Variable

An independent variable is a factor or condition that is intentionally changed by the researcher to observe its effects on a dependent variable in an experiment.