A zero balance confirmation:
A) involves sending confirmations to all vendors.
B) involves sending confirmations to active vendors whose balance has not been included in accounts payable.
C) is similar to a positive confirmation.
D) involves sending confirmations to all vendors who have not been included in accounts payable.

Question

Quizplus · Accepted Answer

A zero balance confirmation specifically targets active vendors whose balance has not been included in accounts payable, and confirms that their account does indeed have a zero balance. This is different from a positive confirmation, which asks the vendor to confirm the amount of their outstanding balance. Therefore, option B is the best choice.

A Zero Balance Confirmation