The primary purpose of accounts receivable confirmation is to satisfy the
A)existence objective.
B)existence and cutoff objectives.
C)accuracy and cutoff objectives.
D)existence,accuracy,and cutoff objectives.

Question

Quizplus · Accepted Answer

The primary purpose of accounts receivable confirmation is to satisfy the existence, accuracy, and cutoff objectives. Confirmation provides evidence of the existence of the account receivable, its accuracy in terms of the amount and terms of payment, and whether the receivable is recorded in the correct accounting period. Therefore, Option D is the most appropriate answer.

The Primary Purpose of Accounts Receivable Confirmation Is to Satisfy