Tests designed to detect credit sales made after the end of the year that have been recorded in the current year provide assurance about management's assertion of:
A)classification.
B)cutoff.
C)occurrence.
D)authorization and accuracy.

Question

Quizplus · Accepted Answer

Tests designed to detect credit sales made after the end of the year that have been recorded in the current year provide assurance about management's assertion of cutoff, which relates to the completeness and accuracy of transactions and events that have been recorded in the correct accounting period.

Tests Designed to Detect Credit Sales Made After the End