Select at least 2 balances on the financial statements. Describe the principal assertion of the selected account balance .
Consider the 5 traditional financial statement assertions: Existence Completeness Presentation and Disclosure Valuation Rights and Obligations Management. Next, obtain a set of financial statements from a publically traded company . Select at least 2 balances on the financial statements. Describe the principal assertion of the selected account balance . Read this link to gain more […]