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ACI

3I0-013 · Question #109

You find that you have paid an amount to the wrong counterparty. What action should you take?

The correct answer is B. Immediately contact the counterparty to find the most appropriate way to have the funds. See the full explanation below for the reasoning.

Question

You find that you have paid an amount to the wrong counterparty. What action should you take?

Options

  • AWait until the counterparty contacts you to before deciding what to do
  • BImmediately contact the counterparty to find the most appropriate way to have the funds
  • CAsk the counterparty to keep the money and to place (invest) it at a special rate
  • DAsk your accounting department to book the amount as a loss

How the community answered

(41 responses)
  • A
    7% (3)
  • B
    78% (32)
  • C
    12% (5)
  • D
    2% (1)

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