The Occurrence Assertion for Sales Relates to Which of the Following

question 28

Multiple Choice

The occurrence assertion for sales relates to which of the following audit objectives?

• A)All sales and other revenues that accrued to the entity during the period are included in the income statement
• B)Sales and other revenues are properly classified,described and disclosed in the financial report
• C)Sales and other revenues are stated in the profit and loss at the appropriate amounts
• D)All sales included in the income statement represent the exchange of goods or services with customers during the period

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Definitions:

On-Site Indicators

Metrics or visual cues present directly on a website, indicating user engagement, popularity, or other relevant statistics.

Search Bots

Automated software applications that visit websites to index their content for search engines, helping to determine their relevance and ranking in search results.

Site Characteristics

Site characteristics refer to the features and attributes of a website, including design, usability, content quality, and functionality, that impact user experience and engagement.

Search Engine Index

A collection of web pages and their content stored by a search engine as a result of web crawling, enabling quick retrieval of information during searches.