For Sales,the Occurrence Transaction-Related Audit Objective Affects the Existence Balance-Related

question 81

Multiple Choice

For sales,the occurrence transaction-related audit objective affects the existence balance-related audit objective.For cash receipts,the occurrence transaction-related audit objective affects which balance-related audit objective?

• A)existence
• B)completeness
• C)cutoff
• D)valuation

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Definitions:

Beneflex Plan

A flexible benefits plan allowing employees to choose from a range of benefits to tailor their compensation package to their personal needs and preferences.

Outplacement Services

Support and coaching services provided by organizations to help former employees transition to new jobs.

Government-regulated Benefit

A form of benefit mandated by law that employers must provide to their employees, such as social security or health insurance.

Rest Breaks

Short periods of time given to employees during work hours to rest and recover, contributing to better health, wellbeing, and productivity.