Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 14, Problem 33IOQ

Ordinarily, the most significant assertion relating to accounts payable is:

  1. (1) Completeness.
  2. (2) Existence.
  3. (3) Presentation.
  4. (4) Valuation.
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Identify each of the following terms or phrases as an accounting (a) principle, (b) assumption, or(c) constraint. Revenue recognition
Identify each of the following terms/phrases as either an accounting (a) principle, (b) assumption,or (c) constraint. Revenue recognition
Confirmations of accounts receivable provide evidence primarily about which two assertions?a. Completeness and valuation.b. Valuation and rights and obligations.c. Existence and rights and obligations.d. Existence and completeness.
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