Which One of the Following Is the Service in Which

question 15

Multiple Choice

Which one of the following is the service in which the CPA firm issues a written communication that expresses a conclusion about the reliability of a written assertion that is the responsibility of another party?

• A) consulting service
• B) attest service
• C) accounting service
• D) compilation service
• E) examination service

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Definitions:

Revenue Journal

A specialized accounting journal used to record all the revenue transactions of a business, ensuring they are accounted for in the period they are earned.

Office Supplies

Items used in offices for daily operations, including paper, pens, and other materials not directly linked to the manufacturing process.

Supplier's Account

An account used to record transactions and balances owed to suppliers.

Customer Account

An account representing the ongoing transactions, balances, and records of purchases and payments between a company and its customer.