lObjective 6-6) The following are various management assertions (a. through m.)
related to sales and accounts receivable.
Management Assertion
a. Recorded sales transactions have occurred.
b. There are no liens or other restrictions on accounts receivable.
c. All sales transactions have been recorded.
d. Receivables are appropriately classified as to trade and other receivables in the financial statements and are clearly described.
e. Sales transactions have been recorded in the proper period.
f. Accounts receivable are recorded at the correct amounts.
g. Sales transactions have been recorded in the appropriate accounts.
h. All required disclosures about sales and receivables have been made.
i. All accounts receivable have been recorded.
j. Disclosures related to receivables are at the correct amounts.
k. Sales transactions have been recorded at the correct amounts.
1. Recorded accounts receivable exist.
m. Disclosures related to sales and receivables relate to the entity.
a. Explain the differences among management assertions about classes of transactions and events, management assertions about account balances, and management assertions about presentation and disclosure.
b. For each assertion, indicate whether it is an assertion about classes of transactions and events, an assertion about account balances, or an assertion about presentation and disclosure.
c. Indicate the name of the assertion made by management. (Hint: See Table 6-2)

The management assertions for the given parts is explains below.

What is assertion?

Management assertions are statements made about specific elements of a business by members of management. The idea is mainly applied to the auditing of financial statements of a company, where the auditors rely on various business assertions.

Consider, the following.

(a) Recorded sales transactions have been recorded

          Category of management.              Classes of transactions                

           Name of assertion.          .               Occurance

(b)  There are no lines are other restrictions in accounts receivable

          Category of management.             Account balances                

          Name of assertion.                          Rights and obligations.          

(c) All sales transactions have been recorded

           Category of management.             Classes of transactions                

            Name of assertion.                        Completeness

(d) Receivables are appropriately classified as to trade and other receivables in the financial  statements and are clearly described.

       Category of management.              Presentation and disclosure

       Name of assertion.                        Classification and understandabilty

(e) sales transactions have been recorded in proper period

         Category of management.                   Classes of transactions.            

          Name of assertion.                               Cut off.  

(f) Account receivables recorded at correct amounts

         Category of management.                  Account balances      

         Name of assertion.                              Valuation and allocation

(g) sales transactions recorded at appropriate accounts

         Category of management.                 Class of transactions                

          Name of assertion.                            Classification

(h) All required disclosure about sales and receivables are at recorded amounts

     Category of management.                 Presentation and disclosure                  

     Name of assertion.                             Completeness

(k) Sales transactions have been recorded at correct amounts

        Category of management.                   Account balances                  

        Name of assertion.                         Completeness

(L) Recorded accounts receivable exist

        Category of management.                Account balances.                  

        Name of assertion.                            Existence

(m) Disclosure related to sales and receivable relate to entity

         Category of management.               Presentation and disclosure                

         Name of assertion.                           Occurance and obligation

To know more about assertion, click on the link

https://brainly.com/question/26115325

#SPJ1

A food truck at the fair had 24 pies to sell. Each pie was cut into pieces and each piece was cut into 1/8 of a pie. How many pieces of pie did the food truck have to sell?

Ben ate 3/8 of a pizza. The remaining fraction of the pizza is ____​

What is the period of f(x) = sin(x)?
Pi over 2
Pi
3 pi over 2
2 pi

A sphere has a radius of 2 m. Calculate its surface area. Round to the nearest whole number
a
b.
50 sq.m
113 sq.m
C.
d.
212 sq.m
103 sq.m
Please select the best answer from the choices provided
A

Find the exAct length of a line segment whose endpoints are (4,-5) and (6,-2).

PLEASE HELP!!! ILL GIVE BRAINLIEST !! Which is the correct answer ?

No scams. Show your work. write answer as a percent and round the nearest whole number if needed.​

Please help As Soon As Possible

Please help, brainliest for correct answer

Find the missing angle

A. Without using pencil and paper to actually find the products, how will the product of 3 x 10.6 compare to the product of 2.7 x 10.6? Explain your answer.

B. How will the product of 2.7 X 10.6 compare to the product of 3 X 10.6? Explain your answer.


how do i answer these i forgot all this-​

Distributive property 3x(x - 1)
how do u do this?step by step

Select all of the solutions to the original equation X=4X equals -16 X equals minus 4X equals 16 X equals minus 8X equals minus 1X equals one X equals eight

C and D are mutually exclusive events. Find P(C or D).
P(C)= 3/7= P(D)= 4/7
P(C or D)

WILL GIVE BRAINLIEST HELP

PLEASE ANSWER ASAP FOR BRAINELST!!!!!!!!!!!!!!!!!!!!! :D
please show work if you can. thank you in advance! (NO LINKS OR YOU WILL BE REPORTED!!!!)

$1400 is placed in account with an animal interest-rate of 7.25% to the nearest 10th of a year how long will it take for the account value to reach 4600$

$? Kim spent 41/100 ​

I have the answer for this geometry question just how to I solve it. Quickest and correct and semi-long explanation gets brainliest and 100 points. HURRY PLEASE!!!

A store sells 12 cans of soup for ​$21. How much would it cost you to buy 5 cans of ​soup?

plz help I will give the brainlist David drew this diagram of a picture frame he is going to make. Each square represents 1 square inch. What is the area of the picture​ frame?

Find the surface area of a triangle prisms

For the number line shown, which statement is not true?

HELP NEEDED ASAP WILL GIVE BRAINLIEST.NO TROLLS

The area of a rectangle is given by the tri nominal y^2+4y-45. If the Length of the rectangle is y+9, what is the width of the rectangle

A 14
B 8
C 11
D 20
I'm pose to simplify it ​

Deena works at a customer service call center. She fields an average of 5 calls per hour. Employees are encouraged to field more
than 200 calls per week Deena has already fielded 75 calls this week.
How many more hours, x, does Deena need to work this week to reach the weekly goal of fielded calls if she continutes to field an
average of 5 calls per hour? Select the inequality that includes the fewest number of hours Deena can work this week and still
reach the weekly goal.

Decide whether the integral is improper.
[infinity]
â« ln(x3) dx
0

Imagine you wish to determine whether the mean number of hours worked per week by men in a sample differs from the national 40-hour average. Use the information below to calculate the t-statisic. Be sure to also specify the degrees of freedom. Weekly Hours Worked by Men Range 60 Minimum value 5 Maximum value 65 Mean 42.31 Standard deviation 10.00 Number of observations 29

Find the mean for the scores: 3.850; 5,300: 8,540; 4.300; 5,360. ​