Confirmation of individual accounts receivable balances directly with debtors will,of itself,normally provide evidence concerning the
A)collectability of the balances confirmed.
B)ownership of the balances confirmed.
C)existence of the balances confirmed.
D)internal control over balances confirmed.

Question

Quizplus · Accepted Answer

Confirmation of individual accounts receivable balances directly with debtors primarily provides evidence regarding the existence of those balances. It verifies that the balances reported by the company actually exist at a certain point in time by obtaining direct confirmation from the debtors.

Confirmation of Individual Accounts Receivable Balances Directly with Debtors Will,of