Alternative procedures that would provide evidence of the existence of receivables would include which of the following?
A)Physical observation of customer facilities.
B)Review of subsequent collections.
C)Analysis of the aged trial balance.
D)A confirmation to the client management for customer accounts.

Question

Quizplus · Accepted Answer

Review of subsequent collections provides evidence that receivables existed at the balance sheet date, as it shows that customers have paid their outstanding balances.

Alternative Procedures That Would Provide Evidence of the Existence of Receivables