Which of the following are assertions about the revenue process?
A)existence or occurrence - for account balances
B)completeness - for account balances
C)valuation and allocation - for account balances
D)rights and obligations - for account balances
E)accuracy - for classes of transactions and account balances
F)both A and B
G)both C and D

Question

Quizplus · Accepted Answer

The Answer of Which of the following are assertions about the revenue process?
A)existence or occurrence - for account balances
B)completeness - for account balances
C)valuation and allocation - for account balances
D)rights and obligations - for account balances
E)accuracy - for classes of transactions and account balances
F)both A and B
G)both C and D

Which of the Following Are Assertions About the Revenue Process