Identify the associated assertions throughout

Assignment Help Accounting Basics

Reference no: EM133360264

How they relate to Apollo. The audit comments provided on the Liabilities and/or Payroll Programs are a good resource for answering these questions.

1. Have liabilities and corresponding expenses or assets been recorded (completeness)?
2. Have liabilities and corresponding expenses or assets been recorded in the proper period (cutoff)?
3. Do liabilities reflect the actual needs and obligations of the company (occurrence and obligation)?
4. Have liabilities and corresponding expenses or assets been recorded at their proper amount (valuation)?
5. Have expenses been recorded in the proper account (classification)?

Instructions:

Option #1: You may write summation paragraph and combine all five providing you identify the associated assertions throughout your discussion.

Option #2: You may list each question separately and provide a brief answer for each one.

Reference no: EM133360264

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