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Question 8 During the next team meeting with Mr Docile, he asks you to prove the assets and liabilities, by proving the management assertions behind

Question 8 During the next team meeting with Mr Docile, he asks you to prove the assets and liabilities, by proving the management assertions behind the Balance Sheet Items. After you leave the office, your clerk asks What are the management assertions for the Balance Sheet item?

Required: Write a short memo to your clerk explaining the several management assertions surrounding Balances.

Need very short answer for this.

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