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Which One of the Following Statements About the Existence and Completeness

Question 52

Multiple Choice

Which one of the following statements about the existence and completeness objectives is true?


A) Existence deals with understatements and completeness deals with overstatements.
B) The existence and completeness objectives both emphasise the inclusion of all transactions.
C) Existence deals with overstatements and completeness deals with understatements.
D) The completeness objective deals with transactions being recorded in their entirety.

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