Answer Choices:

Aged Trial Balance.

Assume The Balance Is Correct.

Bill Of Lading.

Billing Department.

Collection Agency.

Collections.

Credit Department.

Positive.

Related Party Receivables.

Shipping Documents.

Select the necessary words from the list of possibilities to complete the following statements. Before goods are shipped on open account, the sale should be approved by the The _ _ is a shipping document that is prepared for goods shipped by a common carrier. 3. Receivables written off are often turned over to a _ should account for the serially numbered shipping documents to ensure that an invoice is prepared for all shipments. An of customers' accounts receivable should be prepared at regular intervals for use by the credit department in carrying out its collection program. 6. A test of the completeness of recorded sales involves tracing a sample of sales involves tracing a sample of to recorded sales. I 7. A confirmation request asks the debtor to respond in all cases. 8. If a response to a negative confirmation request is not received, the auditors ordinarily The best evidence of collectibility of accounts receivable is examination of subsequent_ 9. of the accounts. Loans by a company to its officers, directors, major stockholders, or affiliates require particular attention because these are not the results of arm's length bargaining by independent parties