Management assertions about the accounts in the inventory business process are
A)existence or occurrence - for both classes of transactions and account balances
B)completeness - for account balances
C)valuation and allocation - for both classes of transactions and account balances
D)rights and obligations - for classes of transactions
E)accuracy - for account balances

Question

Quizplus · Accepted Answer

The Answer of Management assertions about the accounts in the inventory business process are
A)existence or occurrence - for both classes of transactions and account balances
B)completeness - for account balances
C)valuation and allocation - for both classes of transactions and account balances
D)rights and obligations - for classes of transactions
E)accuracy - for account balances

Management Assertions About the Accounts in the Inventory Business Process