Select the correct alternative to complete the following statement:

The “occurrence” management assertion means that …

Question

Select the correct alternative to complete the following statement:    The “occurrence” management assertion means that …

Answer

transactions and events have been recorded in the proper accounts.

Answer

amounts and other data relating to recorded transactions and events have been recorded appropriately.

Answer

all assets, liabilities, transactions or events which should have been recorded have been recorded.

Answer

a transaction or event which has been recorded took place and pertains to the entity.

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