Question: You have decided to test your client Bread Pitt's accounts receivable balance at December 3 1 , 2 0 2 1 using confirmations. Upon selecting

You have decided to test your client Bread Pitt's accounts receivable balance at December 31,2021 using confirmations. Upon selecting the sample items and sending the confirmations, the following difference was identified:
Customer
Recorded Value
Confirmed Value
Stated Reason on Confirmation
229
$30,000
$24,000
I made a partial payment of $6,000 in person on December 29,2021.
What is the effect on the accounts receivable balance for this identified difference?
Multiple Choice
No effect
Understatement
Overstatement
Group Ends

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