Considering the risk of overstatement of receivables due to premature revenue recognition that inflates revenues and receivables, which assertion for the accounts receivable balance is typically relevant?
A)Accuracy
B)Existence
C)Completeness
D)Rights and obligations

Question

Quizplus · Accepted Answer

Existence is the relevant assertion for accounts receivable in the context of premature revenue recognition, as it addresses whether the receivables actually exist at a given date.

Considering the Risk of Overstatement of Receivables Due to Premature