In assessing control risk for purchases, an auditor agrees a sample of entries in the voucher register to the supporting documents. The assertion would this test of controls most likely support is "<u>Existence or occurrence"</u>.
<h3>
What do you mean by Existence assertion?</h3>
The term assertion refers to as the term that describe Confident/ forceful statement of fact or belief.
The existence assertion is refers to as the assertion that include the assets, liabilities and shareholders' equity balances that are shown on a firm's financial statements.
Adding to it, existence assertion is necessary for auditor because through this he/she collect whatever evidence is mandatory to create a link between value on records and real world counterparts.
Learn more about assertion, refer to the link:
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He has completely tuned out of the presentation. Ryan's listening style, in this case, is best described as detached.
He was totally out of his way and was not focussing on what the presentation was about. He was not paying any attention as he found the situation boring. <span>He</span> is detached and is not personally involved in presentation or has no emotional interest in it. He tries to remain emotionally detached from the presentation but fails.
<span>In
the technological sector a new product start its live as a prototype, then the
enterprise use various consumer test panel to see the reaction of the
potential costumers in real time environments
and check how the prototype behaves. With the information gathered
from the costumers tests panels the company can make adjustments
<span>improve the prototype
based on the feedback of the people that actually used it and release
a better final version of the product.</span></span>
Answer:
The correct answer is Cash and Carry.
Explanation:
Cash and carry ("Buy (take) and take (it)") is considered a commercial formula similar to an economato, evolved from traditional wholesale, with the particularity of addressing only and exclusively professionals (independent retailers and hoteliers) and operate on a free service basis. The retailer travels to the location of the wholesaler, chooses the items he needs, pays them and transports them, in front of the conventional procedure of placing the order to the wholesaler, so that he can transport it and serve it in the establishment of the retailer.
The concept of "Cash and Carry, wholesale self-service", is a commercial formula adapted to the needs of certain retailers, restaurants, cafes, hotels and other service providers, such as some institutions (HoReCa Sector, Hotels-Restaurants-Caterers). It is basically designed for professionals in the HoReCa sector, but it also accepts clients that are large consumers, such as institutions or educational centers.
In summary:
It is a wholesaler; that is, it never sells to an end consumer. To access a Cash and carry establishment, you must have a card or identification that proves the status of a retailer.
It has a commercial policy based on price and continuous offers.
Know your customers, their consumption and needs well.
