The management assertion of classification deals with ________.
A)ensuring vacancies are posted to appropriated classified ads
B)transactions and events have been recorded in the proper accounts.
C)classifying between the appropriate financial statements
D)current versus non-current only

Question

Quizplus · Accepted Answer

The management assertion of classification ensures that transactions and events are recorded in the proper accounts, ensuring accuracy in financial reporting.

The Management Assertion of Classification Deals with ________