ab b. Recorde received c. Cash di master d. Record e. Cash d f. Cashd hospital or a government unit? 6,31 (OBJECTIVE 6-8) The following are various management assertions (a. through me lated to sales and accounts receivable. Management Assertion a. Recorded accounts receivable exist. b. Disclosures related to sales are relevant and understandable. c. Recorded sales transactions have occurred. The d. There are no liens or other restrictions on accounts receivable. e. All sales transactions have been recorded. Receivables are appropriately classified as to trade and other receivables in the financial statements and are clearly described. g. Sales transactions have been recorded in the proper period. h. Accounts receivable are recorded at the correct amounts. i. Sales transactions have been recorded in the appropriate accounts. j. All required disclosures about accounts receivables have been made. k. All accounts receivable have been recorded. 1. Disclosures related to receivables are at the correct amounts. m. Sales transactions have been recorded at the correct amounts. a. Explain the differences between management assertions about classes of transactions and events and management assertions about account balances. b. For each assertion, indicate whether it is an assertion about classes of transactions and events or an assertion about account balances. Indicate the name of the assertion made by management. (Hint: See Table 6-3 on p. 166.) Management Transactions 1. Occurres 2. Complet 3. Accurac 4. Classific 5. Cutoff 6. Present a. Explai quired and ev specif b. For ea agem c. For e trans * 6.34 oni