Most tests of accounts receivable are based on what schedule, file, or listing?
A) sales master file
B) aged accounts receivable trial balance
C) accounts receivable master file
D) accounts receivable general ledger account

Question

Quizplus · Accepted Answer

The aged accounts receivable trial balance is the most common schedule or listing used to test accounts receivable. It provides a detailed breakdown of the amounts owed by customers, how long they have been outstanding, and the likelihood of collecting on them. The other options (A, C, D) may be used in conjunction with the aged accounts receivable trial balance, but are not typically the primary source for testing accounts receivable.

Most Tests of Accounts Receivable Are Based on What Schedule