Tests designed to detect purchases made just before year-end that have been recorded in the subsequent year would provide assurance about management's assertion of:
A)accuracy.
B)occurrence.
C)cut-off.
D)classification.

Question

Quizplus · Accepted Answer

Tests designed to detect purchases made just before year-end that have been recorded in the subsequent year would provide assurance about the cut-off assertion, which relates to ensuring that transactions are recorded in the correct period.

Tests Designed to Detect Purchases Made Just Before Year-End That