Management assertions in the acquisition and expenditure business process are
A)existence or occurrence - for both classes of transactions and account balances
B)completeness - for account balances
C)valuation and allocation - for classes of transactions
D)rights and obligations - for classes of transactions
E)accuracy - for account balances

Question

Quizplus · Accepted Answer

The Answer of Management assertions in the acquisition and expenditure business process are
A)existence or occurrence - for both classes of transactions and account balances
B)completeness - for account balances
C)valuation and allocation - for classes of transactions
D)rights and obligations - for classes of transactions
E)accuracy - for account balances

Management Assertions in the Acquisition and Expenditure Business Process Are