Confirmations would almost always be used, assuming all the accounts below are material, for:
A) individual transactions between organizations, such as sales transactions.
B) bank balances and accounts receivable.
C) fixed asset additions.
D) payroll expenses.

Question

Quizplus · Accepted Answer

Confirmations are typically used for bank balances and accounts receivable as they are material accounts that require third-party verification. It is less common to use confirmations for individual transactions, fixed asset additions, or payroll expenses.

Confirmations Would Almost Always Be Used, Assuming All the Accounts