Which of following assertions is a key concern for cash?

Name: Which of following assertions is a key concern for cash?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The key concerns for cash are ensuring its existence and completeness. Existence ensures that the cash reported on the financial statements actually exists, and completeness ensures that all cash transactions have been recorded. Classification, presentation, and rights and obligations are also important considerations for cash, but they are not the key concerns.

Which of Following Assertions Is a Key Concern for Cash