Tests Designed to Detect Credit Sales Made After the End

question 72

Multiple Choice

Tests designed to detect credit sales made after the end of the year that have been recorded in the current year provide assurance about management's assertion of:

• A)classification.
• B)cutoff.
• C)occurrence.
• D)authorization and accuracy.

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Definitions:

Specific Event

A unique occurrence or happening at a particular time and place.

Multidimensional Development

The concept that human development involves multiple aspects—physical, cognitive, emotional, and social—that interact and influence each other.

Multidirectional Development

The concept that human development occurs in different directions, indicating varying changes (both gains and losses) throughout the lifespan.

Changing Resource Allocations

The process of adjusting how resources, such as time, money, or personnel, are distributed or utilized in response to different conditions or priorities.