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Inventory reports are used to provide comfort over which assertions? a. Completeness and accuracy b. Completeness and validity c. Completeness, accuracy and validity d. Completeness,

Inventory reports are used to provide comfort over which assertions?

a. Completeness and accuracy b. Completeness and validity c. Completeness, accuracy and validity d. Completeness, validity and valuation

Periodic reconcilation of the purchases/payments/payable cycle occurs through:

a.

Comparing physical inventory to account balances

b.

Preparing bank reconcliations

c.

Comparing fixed assets to account balances

d.

All of the above

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