Completeness
Cutoff tests designed to detect credit sales made before the end of the year that has been recorded in the subsequent year provide assurance about management's assertion of completeness.
The sales cut-off test is the test that compares the sales transactions to the sales data before and after the end of the year to the sales invoices, billings, and shipping documents. It is a method used to find the revenue which will be recognized and to check whether the sales transaction is recorded or not.
Completeness. This assertion attests to the fact that the financial statements are thorough and include every item that should be included in the statement for a given accounting period.
To know more about the assertion of completeness, refer:
https://brainly.com/question/29097568
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The Completeness is cutoff tests designed to detect credit sales made before the end of the year that has been recorded in the subsequent year provide assurance about management's assertion of completeness.
The sales cut-off test is the test that compares the sales transactions to the sales data before and after the end of the year to the sales invoices, billings, and shipping documents. It is a method used to find the revenue which will be recognized and to check whether the sales transaction is recorded or not.
Completeness. This assertion attests to the fact that the financial statements are thorough and include every item that should be included in the statement for a given accounting period.
To know more about the assertion of completeness, refer:
brainly.com/question/29097568
#SPJ4
