$6$

$1$ point

Which one of the following procedures is necessary while auditing Allowance for Doubtful Accounts?

Send confirmation

Reconcile bank statements

Reperform estimates and compare it to managements' estimates

All of the above

$71$ point

If management choose to engage in too many factoring services, the client's company may have potential cash flow issues.

True

False

$1$ point

Factoring and commercial paper are the same.

True

False