Match each of the following controls with the assertion for long-term debt that it supports.
-A subsidiary ledger is maintained that contains information about all the long-term debt and the amount recorded in this ledger is reconciled to the general ledger
A)Classification
B)Accuracy, Valuation, and Allocation
C)Completeness
D)Occurrence and Authorization

Question

Match each of the following controls with the assertion for long-term debt that it supports.
-A subsidiary ledger is maintained that contains information about all the long-term debt and the amount recorded in this ledger is reconciled to the general ledger
A)Classification
B)Accuracy, Valuation, and Allocation 
C)Completeness
D)Occurrence and Authorization

Quizplus · Accepted Answer

The Answer of Match each of the following controls with the assertion for long-term debt that it supports.
-A subsidiary ledger is maintained that contains information about all the long-term debt and the amount recorded in this ledger is reconciled to the general ledger
A)Classification
B)Accuracy, Valuation, and Allocation 
C)Completeness
D)Occurrence and Authorization

Match Each of the Following Controls with the Assertion for Long-Term