Explain how the following transaction assertions are related to the account balance assertions: Transaction Assertions Account Balance
Question:
Transaction Assertions Account Balance Assertions
a. Cutoff .............. Existence and Completeness
b. Classification ............. Existence and Completeness
c. Accuracy ............. Valuation and Allocation
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a Cutoff Existence and Completeness If for example a sale is recorded ...View the full answer
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Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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