Solved

The Most Effective Audit Procedure for Determining If an Account

Question 45

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents