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A- FOR THE FOLLOWING MANGEMENT ASSSERTION IDENTIFY WHETHER IT IS ABOUT CLASSES OF TRANSACTIONS AND EVENTS, ABOUT ACCOUNT BALANCES OR MANGEMENT ASSERTIONS ABOUT PRESENTATION AND
A- FOR THE FOLLOWING MANGEMENT ASSSERTION IDENTIFY WHETHER IT IS ABOUT CLASSES OF TRANSACTIONS AND EVENTS, ABOUT ACCOUNT BALANCES OR MANGEMENT ASSERTIONS ABOUT PRESENTATION AND DISCLOSURES (35 pts) B- ALSO INDICATE THE NAME OF THE ASSERTION MADE BY MANAGEMENT (For reference see Power Point 6-22, 14 ed) (35 pts) a) All sales transactions have been recorded b) Receivables are appropriately classified as to trade and other receivables in the financial statements and are clearly described c) Accounts receivable are recorded at the correct amounts d) Sales transactions have been recorded in the proper period e) Sales transactions have been recorded int eh appropriate accounts f) All required disclosures about sales and receivables have been made g) All accounts receivable have been recorded
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