Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.-- Existence and accuracy
What is an Accounts Receivable Confirmation?
When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation
What does it mean to confirm account?
Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.
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A principle is a fundamental statement, which generally Become Platform Thinking / acting. The fundamental principle of a statement are:
Practically, that principle is always can be Used irrespective From Time or When applied,Relevant (related) with a provision That is the fundamental basis and thus provide a view Size That covers many things,Consistent (steady) hearts the sense that hearts Similar situations will arise Similar findings Also,
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Unemployment rate is 8.3%
participation rate is 60%
Answer:
D) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.
Explanation:
M1 includes money in circulation, travellers check, money in checking accounts and money deposited in the banks.
M2 includes m1 + savings accounts, small time deposits, and money markets.
M1 is thenarrow definition of money. M2 is the broader definition of money .
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