book debts should be verified with the help of ______
1. Balance sheet
2. Amt received from Debtors
3. Debtors Schedule
4. Certificate from the management
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Answer:
3. Debtors Schedule.
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Option (1) is correct.
The balance sheet should be used to verify book balances.
Which is used to verify book balance?
- A balance Confirmation Letter is an official document sent by the bank to creditors to confirm the balance according to the books or records.
- A customer's book debt is the amount owed to a corporation for a product or service purchased on credit.
- Any debt in an entity's books for a sale or service delivered to a customer is a trade debt that emerges in the usual course of business.
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