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Which audit assertion is involved in each statement? Payment has been made by the customer but not received by the client at the confirmation date
Which audit assertion is involved in each statement?
- Payment has been made by the customer but not received by the client at the confirmation date ("subsequent payment")
- The shipment has not been received by the customer (may be due to wrong ship date)
- Merchandise was returned but not received by the client (outstanding credit note)
- Amounts are in dispute
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