Alpha Brewery Corporation recorded sales through January 4,2018,dating them December 31,2017.This situation is an example of a violation of which of the following assertions?

Question

Quizplus · Accepted Answer

The recording of sales on a later date than when they were actually made violates the completeness assertion, which requires that all transactions and events that should have been recorded have been recorded. By dating the sales in December, Alpha Brewery Corporation has left out the sales that occurred between December 31 and January 4, thereby violating the completeness assertion.

Alpha Brewery Corporation Recorded Sales Through January 4,2018,dating Them December