A Common Test of Details of Balances Procedure for Notes

question 61

Multiple Choice

A common test of details of balances procedure for notes payable is to examine duplicate copies of notes to determine whether notes were dated on or before the balance sheet date.Which audit assertion is this test of detail associated with?

• A)allocation (accuracy)
• B)allocation (cutoff)
• C)existence
• D)completeness

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Definitions:

Brain Dead

A medical condition characterized by the irreversible loss of all brain and brainstem functions.

Ventilator

A machine that supports or simulates the process of breathing for a patient who is unable to breathe adequately on their own.

Compassion Fatigue

A condition characterized by emotional and physical exhaustion leading to a diminished ability to empathize or feel compassion for others, often experienced by those in caregiving professions.

Emotional Well-being

The overall psychological wellness, including aspects such as happiness, confidence, and the ability to manage stress.