The best procedure for dealing with a non-response to a third positive request for confirmation of an accounts receivable is:
A) assume that the debtor's value is correct
B) write-off the balance as a bad debt
C) examine subsequent cash collections
D) involve the client in chasing up the debtor

Question

Quizplus · Accepted Answer

Examining subsequent cash collections can provide evidence that the receivable is valid and has been settled, which is a practical approach when direct confirmation is not received.

The Best Procedure for Dealing with a Non-Response to a Third