It is not necessary to send confirmations on accounts that a company represents as closed during the year to get the bank to confirm zero balances.

Name: It is not necessary to send confirmations on accounts that a company represents as closed during the year to get the bank to confirm zero balances.
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Question

Quizplus · Accepted Answer

Sending confirmations for closed accounts is necessary to verify that the bank records match the company's records and to ensure there are no discrepancies or errors.

It Is Not Necessary to Send Confirmations on Accounts That