inventory disclosures must ensure that the presentation and disclosure assertions of occurrence, and obligations, , classification and understandability, and accuracy and are all met. (enter only one word per blank.)

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dimakamal9365 dimakamal9365

24-11-2022
Business

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inventory disclosures must ensure that the presentation and disclosure assertions of occurrence, and obligations, , classification and understandability, and accuracy and are all met. (enter only one word per blank.)

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rafikiedu17 rafikiedu17 · Answer 1 · 2022-12-06T18:08:37+01:00

Assertions expressed or implied representations through control concerning the recognition, dimension, presentation, and disclosure of information inside the monetary statements and related disclosures.

1. prevalence and rights and obligations

2. Completeness

three. type and understandability

4. Accuracy and Valuation

This is the declaration that each suitable fact and disclosure are covered in a business enterprise's statements and that all the information provided in the statements is truthful and easy to apprehend. This assertion can also be categorized as an understandability announcement.

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