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Question 1 (a) In your own words thoroughly explain the Existence assertion. Question 1 (b) Provide one example, made up by you and therefore in

Question 1 (a)

In your own words thoroughly explain the Existence assertion.

Question 1 (b)

Provide one example, made up by you and therefore in your own words, that would put the Existence assertion 'at risk' (remember to include the affected general ledger account).

Question 1 (c)

Explain how the scenario you described in part (b) puts the Existence assertion 'at risk'?

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