Verifying the Accuracy of the Accounts Receivable Trial Balance Relates

question 22

Multiple Choice

Verifying the accuracy of the accounts receivable trial balance relates to the

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

---

Definitions:

Note Receivable

A financial document representing a promise to pay a specific amount of money on a specified date or upon demand.

Day Note Signed

The date on which a promissory note (a written promise to pay a specified amount under agreed terms) is executed or agreed upon.