Question

In: Accounting

What type of accounts receivable confirmation asks the customer to respond, does not provide a figure...

What type of accounts receivable confirmation asks the customer to respond, does not provide a figure for what the client believes the balance is, and asks the customer provide a figure for the receivable balance?

A. Negative confirmation

B. Invoice confirmation

C. Blank confirmation

D. Positive confirmation

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Expert Solution

Ans - Blank confirmation (Option 'C')

Blank confirmation invoices sending a letter addressed to the debtor of the client requesting him to write the balance of accounts receivable as per his own books of accounts without writing balance of client's books. This is to see how similar are the balances of both clinet's as well as customer's balances. Also sometimes debtors simply agree with the already mentioned balance because they don't want to put the effort to verify, so to avoid this Blank confirmation is sent.

(If there are any questions, kindly let me know in comments. If the solution is to your satisfaction, a thumbs up would be appreciated. Thank You)

ekkarill92 answered 2 years ago
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