Georgina Was Working as the Part-Time Accountant for Three Small

question 51

Multiple Choice

Georgina was working as the part-time accountant for three small businesses.Whenever she could,she pocketed cash and neglected to record the sale in the sales system.The general transaction-related audit objective affected by her actions is

• A)occurrence.
• B)completeness.
• C)accuracy.
• D)posting and summarization.

---

Definitions:

Revenue Analysis

The examination of income generated from sales, investments, or business operations to understand the financial health and profitability of a business.

Market Share Analysis

An assessment of a company's sales in relation to the total sales in its industry, indicating competitiveness and market dominance.

Profitability Analysis

An assessment method to determine the ability of a business to generate earnings compared to its expenses and other relevant costs.

Market-Entry Strategies

Plans developed by businesses to begin selling products or services in a new market, addressing challenges like competition and legal regulations.