The assertion of cut-off: a. reflects that all assets and liabilities that should have been recorded are
Question:
The assertion of cut-off:
a. reflects that all assets and liabilities that should have been recorded are recorded.
b. ensures that events have been recorded in the correct accounts.
c. is an assertion made by the auditor to help determine audit testing.
d. reflects that all events have been recorded in the correct accounting period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The assertion of cutoff d reflects that all events have been recorded in the correct accounting p...View the full answer
Answered By
Zablon Gicharu
I am an educator who possesses the requisite skills and knowledge due to interacting with students for an extended period. I provide solutions to various problems in step-by-step explanations, a well-thought approach and an understandable breakdown. My goal is to impart more straightforward methodologies and understanding to students for more remarkable achievements.
4+ Reviews
10+ Question Solved
Related Book For 
Auditing A Practical Approach
ISBN: 9781119709497
4th Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
Question Posted:
