Which account and assertion will be most affected by the control that requires the accountant to check that all prepaid insurance accounts to reflect the remaining term of the insurance contract at balance date?

Select one:

a.Accuracy, valuation and allocation of prepaid insurance.

b.Existence of insurance expense

c.Cut-off of insurance expense

d.Completeness of prepaid insurance

Which account and assertion will be most affected by the control that requires all purchase invoices to be matched to goods received notes before the purchase transaction is entered into the purchases journal?

Select one:

a.Existence of purchases

b.Occurrence of purchases

c.Existence of inventory

d.Cut-off of purchases