Ask Question
28 November, 08:52

The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date. This aging is best used by the auditors to:

A. Consider internal control over credit sales.

B. Test the accuracy of recorded charge sales.

C. Estimate credit losses.

D. Verify the validity of the recorded receivables.

+3
Answers (1)
  1. 28 November, 09:13
    0
    C. Estimate credit losses.

    Explanation:

    the client prepared aged triad balance of account receivable is generally included in audit documents so that the evaluation of estimated credit losses can be done.

    Therefore, This aging is best used by the auditors to Estimate credit losses.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date. This ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers