When Silvana Mathews Reviewed the Physical Inventory Compilation She Performed

question 47

Multiple Choice

When Silvana Mathews reviewed the physical inventory compilation she performed a procedure that included tracing the cut-off information obtained during the physical inventory
Observation to the accounting records of sales and purchases. Which assertion did this
Procedure satisfy?

• A) valuation and accuracy
• B) completeness
• C) existence
• D) all of the above

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Definitions:

Galactose

A simple sugar (monosaccharide) that, together with glucose, forms the disaccharide lactose; important in energy metabolism and found in dairy products.

Glucose

An elementary sugar critical for energy in living organisms and a key element of many carbohydrate compounds.

Principle Sugar

The primary type of sugar that is prevalent or most important within a particular context, such as glucose in human blood.

Nucleotides

Organic molecules that serve as the monomers, or building blocks, of nucleic acids like DNA and RNA, composed of a nitrogenous base, a sugar, and one or more phosphate groups.