CASH is money, in the form of notes and coins, which constitutes payment for goods at the time of purchase.
DEFERRED REVENUE see DEFERRED INCOME.
COMPLETENESS deals with whether all transactions and accounts that should be in the financial statements are included. For example, management asserts that all purchases of goods and services are included in the financial statements. Similarly, management asserts that notes payable in the balance sheet include all such obligations of the entity.
Enter a term, then click the entry you would like to view.