Which of the Following Is Not an Assertion Used for Transactions

question 14

Multiple Choice

Which of the following is not an assertion used for transactions and events?

• A)existence
• B)occurrence
• C)cut-off
• D)classification

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Definitions:

Organizational Design

The process of structuring an organization’s roles, responsibilities, and systems to effectively manage and utilize resources to achieve business objectives.

Unique Problems

Distinctive or specific issues that do not commonly occur and require tailored solutions.

Organizational Design

The method of shaping an organization's structure and roles to improve efficiency and achieve objectives.

Reporting Relationships

The hierarchical structure within an organization that defines who reports to whom.