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For each control, identify the assertion for which the control is designed to prevent, or detect. and correct misstatements. a. Occurrence of sales. b.
For each control, identify the assertion for which the control is designed to prevent, or detect. and correct misstatements. a. Occurrence of sales. b. Rights and obligations for accounts receivable. C. Classification of cash receipts. d. Completeness of sales. e. Accuracy of sales. f. Cutoff of sales. g. Completeness of cash balances. h. Existence of accounts receivable. i. Completeness of cash receipts. j. Occurrence of cash receipts. Consider the following list of internal controls associated with the revenue process. 1. Software compares the dates on every sales invoice with the date on the underlying bill of lading. a
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