Explain the distinction between bank confirmation and positive confirmation of accounts receivable . And, also explain the difference in terms of the nature of information confirmed, the sample size , and the appropriate action when the confirmation is not returned after second request and also explain the rationale for differences between these types of confirmation.

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How do bank confirmations differ from positive confirmations ofaccounts receivable? Distinguish between them in terms of the nature of the informationconfirmed, the sample size, and the appropriate action when the confirmation is notreturned after the second request. Explain the rationale for the differences between thesetwo types of confirmations

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Chapter 23, Problem 4RQ

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Explain the distinction between bank confirmation and positive confirmation of accounts receivable. And, also explain the difference in terms of the nature of information confirmed, the sample size, and the appropriate action when the confirmation is not returned after second request and also explain the rationale for differences between these types of confirmation.

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