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In the circularisation of selected recievables, We have to record the names and amounts, Plzz tell me weather those amounts are recorded prior to circularisation or after the circularisation.
We already record the replies recieved in the endThe amounts are recorded before the circularisation. Indeed, you would normally base the sample of customers you circularise on the amounts using stratified sampling to ensure all major receivable balances are included (plus a selection of smaller balances, zero balances, all old balances and usually all Cr balances.
The replies received are then compared to the amounts you noted and any differences investigated.
HTH
The amounts are recorded before the circularisation. Indeed, you would normally base the sample of customers you circularise on the amounts using stratified sampling to ensure all major receivable balances are included (plus a selection of smaller balances, zero balances, all old balances and usually all Cr balances.
The replies received are then compared to the amounts you noted and any differences investigated.
HTH
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