
A communication addressed to the debtor requesting him or her to confirm whether the balance as stated on the communication is correct or incorrect is a
A) legal confirmation.
B) negative confirmation.
C) positive confirmation.
D) bank confirmation.
Correct Answer:
Verified
Q103: Negative confirmations of accounts receivable are less
Q104: In the audit of cash and accounts
Q105: A risk of material misstatement in accounts
Q106: Selecting a sample of debits from customer
Q107: Confirmation is most likely to be a
Q109: The use of the negative (as opposed
Q110: To gather evidence about transactions with related
Q111: If accounts receivable accounts with credit balances
Q112: Confirmation of individual accounts receivable balances directly
Q113: The primary purpose of accounts receivable confirmation
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