Management Assertions About the Accounts in the Inventory Business Process

question 52

Multiple Choice

Management assertions about the accounts in the inventory business process are

• A)existence or occurrence - for both classes of transactions and account balances
• B)completeness - for account balances
• C)valuation and allocation - for both classes of transactions and account balances
• D)rights and obligations - for classes of transactions
• E)accuracy - for account balances