The Auditor Traces Items from the Receiving Reports to the Accounts

question 95

Multiple Choice

The auditor traces items from the receiving reports to the accounts payable journal in order to satisfy the

• A)existence assertion.
• B)rights and obligations assertion.
• C)completeness assertion.
• D)valuation assertion.

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Definitions:

Alcohol-Related Diseases

Health conditions directly influenced or caused by the excessive consumption of alcohol, such as liver cirrhosis, alcohol use disorder, and certain types of cancer.

OTC Medication Abuse

The misuse of over-the-counter drugs in a manner not intended by the manufacturing company or doctor’s prescription, often leading to health issues.

Trouble Sleeping

A difficulty in falling or staying asleep, which can affect overall health and quality of life.

B Vitamins

A group of water-soluble vitamins that play important roles in cell metabolism and the formation of red blood cells.