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All of the following statements concerning accounts payable confirmations are correct, except: A. Confirmations are typically used to ask the vendor to supply the balance
All of the following statements concerning accounts payable confirmations are correct, except:
- A. Confirmations are typically used to ask the vendor to supply the balance owed by the entity
- B. Positive confirmations are usually used for accounts payable transactions.
- C. Confirmations used to audit accounts payable are also referred to as blank confirmations.
D. Negative confirmations are normally used more often than positive confirmations
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