Vouching a sample of items from the perpetual inventory records to the receiving reports achieves the specific ASB balance assertion of
A)Completeness.
B)Occurrence.
C)Presentation.
D)Valuation.

Question

Quizplus · Accepted Answer

Vouching a sample of items from the perpetual inventory records to the receiving reports ensures that the items actually existed and were received, fulfilling the occurrence assertion.

Vouching a Sample of Items from the Perpetual Inventory Records