The Audit Objective, "The Accounts Receivable Balance Represents Gross Claims

question 5

Multiple Choice

The audit objective, "The accounts receivable balance represents gross claims on customers and agrees with the sum of the accounts receivable subsidiary ledger" is derived from the assertion of:

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