"Recorded vouchers (accounts payable entries) in the voucher register (e.g., purchases journal) supported by completed voucher documentation" is a specific example of which management assertion?
A)Classification
B)Occurrence
C)Completeness
D)Cutoff

Question

Quizplus · Accepted Answer

The management assertion being exemplified is occurrence, which states that transactions that are recorded actually occurred. In this case, the recorded vouchers in the voucher register should be supported by completed voucher documentation, ensuring that the purchases actually took place.

"Recorded Vouchers (Accounts Payable Entries) in the Voucher Register (E