Celestino Minotti tested the posting of individual credit memos to the sales returns and allowances ledger and to the trade receivables sub-ledger. Which assertion was he fulfilling?
A) classification
B) existence
C) completeness
D) cutoff

Question

Quizplus · Accepted Answer

By posting individual credit memos to the sales returns and allowances ledger and to the trade receivables sub-ledger, Celestino Minotti is fulfilling the assertion of classification, which means proper classification of transactions in the financial statements.

Celestino Minotti Tested the Posting of Individual Credit Memos to the Sales