Management assertions about the accounts in the inventory business process are
A)that the cost of goods sold is accurate
B)that the costs of goods is inaccurate
C)that the cutoff was done in accordance with GAAS
D)that the cost of goods sold is properly classified
E)that the cost of goods is properly classified

Question

Quizplus · Accepted Answer

The Answer of Management assertions about the accounts in the inventory business process are
A)that the cost of goods sold is accurate
B)that the costs of goods is inaccurate
C)that the cutoff was done in accordance with GAAS
D)that the cost of goods sold is properly classified
E)that the cost of goods is properly classified

Management Assertions About the Accounts in the Inventory Business Process