Day: October 11, 2026

Which ONE of the following financial statement assertions will be supported by a sample check on the numerical sequence of dispatch notes and invoices?

Select ONE answer:

1. Cut-off
2. Occurrence
3. Accuracy, valuation and allocation
4. Completeness

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct – Completeness – a sequence check will highlight missing documents which may indicate unrecorded transactions – i.e., test the completeness of sales.

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