The audit objective, "The accounts receivable balance represents gross claims on customers and agrees with the sum of the accounts receivable subsidiary ledger" is derived from the assertion of:
A) existence or occurrence.
B) completeness.
C) rights and obligations.
D) valuation or allocation.
E) presentation or disclosure.

Question

Quizplus · Accepted Answer

The Answer of The audit objective, "The accounts receivable balance represents gross claims on customers and agrees with the sum of the accounts receivable subsidiary ledger" is derived from the assertion of:
A) existence or occurrence.
B) completeness.
C) rights and obligations.
D) valuation or allocation.
E) presentation or disclosure.

The Audit Objective, "The Accounts Receivable Balance Represents Gross Claims