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Difference between sales journal accounts receivable file

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Reference no: EM131867145

Question -

1. What is the difference between the sales journal and the accounts receivable master file? Why are they both important?

2. When is it acceptable to confirm accounts receivable prior to the balance sheet date?

3. Can you distinguish between accuracy of tests of gross accounts receivable and tests of the realizable value of receivables?

Reference no: EM131867145

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