The Account Balance Audit Objective, "Accounts Receivable Represent Gross Claims

question 4

Multiple Choice

The account balance audit objective, "Accounts receivable represent gross claims on customers at balance date and agree with the sum of the accounts receivable subsidiary ledger", is derived from the assertion category of:

• A) existence or occurrence.
• B) completeness.
• C) rights and obligations.
• D) valuation and allocation.

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Definitions:

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