Traditionally, confirmations are used to verify:
A) individual transactions between organisations, such as sales transactions.
B) fixed asset additions.
C) bank balances and accounts receivables.
D) all of the above

Question

Quizplus · Accepted Answer

Confirmations are traditionally used to verify bank balances and accounts receivables, as they provide external evidence of the balances and transactions.

Traditionally, Confirmations Are Used to Verify