An auditor is required to confirm accounts receivable if the accounts receivable balances are a. Older than

Question:

An auditor is required to confirm if the balances are
a. Older than the prior year.
b. Material to the financial statements.
c. Smaller than expected.
d. Subject to valuation estimates.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...