Use of an authorized price list in preparing the sales invoices will primarily meet the: a. existence
Question:
Use of an authorized price list in preparing the sales invoices will primarily meet the:
a. existence or occurrence assertion.
b. completeness assertion.
c. accuracy, valuation, and allocation assertion.
d. rights and obligations assertion.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
The use of an authorized price list in preparing sales invoices primarily meets the c ac...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ 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:
Students also viewed these Business questions
-
Crane Company has the following two temporary differences between its income tax expense and income taxes payable. Pretax financial income Excess depreciation expense on tax return Excess warranty...
-
The following (1 through 17) are the balance- related, transaction-related, and presentation- and disclosure- related audit objectives. REQUIRED Identify the specific audit objective (1-17) that each...
-
The English publisher of a book called Cambridge gave a New York publisher permission to sell that book any place in the world except in England. The New York publisher made several bulk sales of the...
-
Health Sing, who is dieting, requires two food supplements: I and II. He can get these supplements from two different products. A and B, as shown in the table, Grams of Supplement per Serving III...
-
Assume that it is now January 1, 2009. Wayne-Martin Electric Inc. (WME) has developed a solar panel capable of generating 200% more electricity than any other solar panel currently on the market. As...
-
Understand corporate social responsibility, sustainability, and the crisis of global poverty. L01
-
The cash flow statement categorizes like transactions for optimal reporting. Identify each of the following transactions as one of the following: Operating activity (O) Investing activity (I) ...
-
The following are incomplete manufacturing cost data. Determine the missing amounts these three independent situations. Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing...
-
Accounting for the numerical sequence of shipping documents used in tracing will primarily meet the: a. existence or occurrence assertion. b. completeness assertion. c. accuracy, valuation, and...
-
Jim Boitisse, an audit partner at Hemingway CPAs, has learned about two additional techniques that can be used in audit data analytics. They are analysis using the principles of Benfords Law, and...
-
Describe the role and responsibilities of the board of directors in corporate governance AppendixLO1
-
You will be creating a Performance Improvement Plan to address an employee in the attached case study (see below). This is a scenario you may encounter in your future HR profession, so this...
-
For this prompt, consider your academic goals, including (but not limited to) such topics as how you plan to manage your time to fit in your studies; how you will build your skills, as needed; how...
-
1. An introduction of you as a leader (whether or not you see yourself as a leader, whether or not you like being a leader, what kinds of leadership roles you have had, etc.). 2. Summarize your...
-
Briefly, describe the firm in terms of the following items. a. Size in terms of market capitalization, annual revenue, number of employees, location(s). b. Discuss the financial position of the firm....
-
HealthyLife (HL) is a publicly-traded company in the Food Manufacturing Industry. HealthyLife has been around since the 1970s, and is mainly focused on the production and wholesale of "organic and...
-
In the section "Gains and Adjustment Costs for the United States under NAFTA," we calculated the lost wages of workers displaced due to NAFTA. Prior experience in the manufacturing sector shows that...
-
Akramin just graduated with a Master of Engineering in Manufacturing Engineering and landed a new job in Melaka with a starting salary of RM 4,000 per month. There are a number of things that he...
-
Why is an auditor interested in PPE that is not currently being used or that could become idle in the near future? Why would an auditor review directors' board minutes to gather information about...
-
Why is an auditor interested in PPE that is not currently being used or that could become idle in the near future? Why would an auditor review directors' board minutes to gather information about...
-
Why is an auditor interested in PPE that is not currently being used or that could become idle in the near future? Why would an auditor review directors' board minutes to gather information about...
-
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...
-
Billy Bob bank has three assets. It has $83 million invested in consumer loans with a 3-year duration, $46 million invested in T-Bonds with a 12-year duration, and $69 million in 6-month (0.5 years)...
-
Ventaz Corp manufactures small windows for back yard sheds. Historically, its demand has ranged from 30 to 50 windows per day with an average of 4646. Alex is one of the production workers and he...
Study smarter with the SolutionInn App