Use of an authorised price list in preparing the sales invoices meets primarily the:
A) existence or occurrence assertion.
B) completeness assertion.
C) accuracy, valuation or allocation assertion.
D) rights and obligations assertion.

Question

Quizplus · Accepted Answer

The use of an authorised price list in preparing sales invoices primarily meets the accuracy, valuation, or allocation assertion, as it ensures that the amounts billed to customers are correct and properly recorded.

Use of an Authorised Price List in Preparing the Sales