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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

If the total of the schedule of accounts receivable does not agree with the Accounts Receivable balance, what procedures should be used to search for the error?

To determine

Indicate the steps to be followed to find the error in Accounts Receivable Schedule, if the total in the schedule does not agree with the Accounts Receivable balance.

Explanation

Accounts receivable schedule: This is the schedule which is prepared to verify that the total balances of all the customers in the accounts receivable ledger, equals the balance of Accounts Receivable in the general ledger...

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