Which assertion addresses whether all transactions and accounts that should be included in the financial statements are included?
A)Existence.
B)Valuation.
C)Completeness.
D)Rights and Obligations

Question

Quizplus · Accepted Answer

The assertion of completeness addresses whether all transactions and accounts that should be included in the financial statements are actually included. This includes ensuring that all transactions are recorded, all account balances are included, and all disclosures are made.

Which Assertion Addresses Whether All Transactions and Accounts That Should