Key assertions related to cash disbursements are _______.
A)completeness, occurrence, accuracy, and cutoff
B)verifiability, occurrence, accuracy, and cutoff
C)going concern, occurrence, accuracy, and cutoff
D)completeness, occurrence, accuracy, and comparability

Question

Quizplus · Accepted Answer

Completeness ensures all cash disbursements are recorded, occurrence ensures all recorded transactions actually occurred, accuracy ensures the amounts recorded are correct, and cutoff ensures transactions are recorded in the correct period.

Key Assertions Related to Cash Disbursements Are _______