It is beneficial in the testing of notes receivable to confirm not only the balance of the notes, but also their terms.

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It is important to confirm the balance of notes receivable, as well as their terms, to ensure that they are recorded accurately and that any interest or principal payments due are correctly calculated. Confirming the terms of the notes can also help identify any potential issues or discrepancies, such as a note that has been extended or modified without proper documentation.

It Is Beneficial in the Testing of Notes Receivable to Confirm