ABC Company had a major sale to XYZ Company.This sale accounted for 20 percent of the revenue of ABC Company.The auditors performed the audit procedures listed in 1-3.For each audit procedure,select the ASB transaction assertion that is most likely being tested.
A. Occurrence.
B. Completeness.
C. Cutoff.
D. Accuracy.
E. Classification.

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The Answer of ABC Company had a major sale to XYZ Company.This sale accounted for 20 percent of the revenue of ABC Company.The auditors performed the audit procedures listed in 1-3.For each audit procedure,select the ASB transaction assertion that is most likely being tested.
A. Occurrence.
B. Completeness.
C. Cutoff.
D. Accuracy.
E. Classification.

ABC Company Had a Major Sale to XYZ Company