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A company completes closing the accounts receivable ledger, but notices a customer balance was missed. What is the best course of action to correct this
A company completes closing the accounts receivable ledger, but notices a customer balance was missed. What is the best course of action to correct this oversight?
Ignore the balance since it is minor;
Reopen the accounts receivable ledger and adjust;
Transfer the balance to a suspense account;
Notify the customer about the oversight
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Survey Of Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt
2nd Edition
1119594537, 978-1119594536
