While electronic confirmations of receivables are more efficient,they are seldom used because they are not considered as reliable as paper confirmations.

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Quizplus · Accepted Answer

Electronic confirmations of receivables are widely used because they are considered efficient, fast, and reliable due to advancements in security and verification technologies. They have become a common practice in modern auditing and financial transactions.

While Electronic Confirmations of Receivables Are More Efficient,they Are Seldom