Recording a Cash Receipt That Did Not Occur Violates the Existence

question 6

Multiple Choice

Recording a cash receipt that did not occur violates the existence transaction- related audit objective for the sales and collections cycle. Which balance- related audit objective for accounts receivable does it violate?

• A) Existence
• B) Realisable value
• C) Completeness
• D) Accuracy

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Definitions:

Toro Snowblowers

A range of snow removal equipment manufactured by Toro, designed for both residential and commercial use.

Toro Lawn Mowers

A brand known for manufacturing a variety of lawn care equipment, including mowers designed for both residential and commercial use.

Brand Equity

The value and strength of a brand that determines its worth, based on consumers' perception, recognition, and loyalty.

Celeron

A brand name for a line of budget x86 microprocessors developed and marketed by Intel, aimed at the low-end consumer market.