With which one of the five categories of management assertions is the classification transaction-related audit objective associated?  With which one of the five categories of management assertions is the existence transaction-related audit objective associated?

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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With which one of the five categories of management assertions is the classification transaction-related audit objective associated? 

With which one of the five categories of management assertions is the existence transaction-related audit objective associated? 

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With which one of the five categories of management assertions is the classification transaction-related audit objective associated? 

  • Classification - The assertion is that all transactions have been recorded within the correct accounts in the general ledger.
  • It is related to income statement.
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