Confirmation of individual accounts receivable balances directly with debtors will,of itself,normally provide the strongest evidence concerning the
A) Collectability of the balances confirmed.
B) Ownership of the balances confirmed.
C) Existence of the balances confirmed.
D) Internal control over balances confirmed.

Question

Quizplus · Accepted Answer

Confirmation directly with debtors provides evidence of the existence of the balances confirmed. It does not provide evidence about the collectability or ownership of the balances. Internal control is not relevant to confirmation of balances.

Confirmation of Individual Accounts Receivable Balances Directly with Debtors Will,of