[Solved] Book debts should be verified with the help of

Book debts should be verified with the help of

a) Balance sheet

b) Amount received from Debtors

c) Debtors schedule

d) Certificate from the management

Answer: (c) Book debts should be verified with the help of Debtor’s schedule. Book debts can be verified by the books of accounts and those should be supported by sale documents. Book balances should be sent to debtors directly for confirmation. It will establish the existence of book debts. Ownership of book debts can be verified with the sales documents and the sales ledger.

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