The Account Balance Audit Objective, "Accounts Receivable Presents Gross Claims

question 58

Multiple Choice

The account balance audit objective, "Accounts receivable presents gross claims on customers at balance date and agree with the sum of the accounts receivable subsidiary ledger", is derived from the assertion category of

• A) existence or occurrence.
• B) completeness.
• C) rights and obligations.
• D) accuracy, valuation, and allocation.

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Definitions:

Epidermis

The outermost layer of skin, providing a waterproof barrier and creating our skin tone, playing a crucial role in protecting the body.

Cells

The basic building blocks of all living organisms, capable of performing the essential functions of life.

Autoimmune Disorder

An autoimmune disorder occurs when the body's immune system mistakenly attacks healthy cells, tissues, or organs.

Silvery

Describes an object, substance, or color that resembles silver in appearance, often characterized by a shiny, metallic, and light grey hue.