If a customer pays its receivable in full but a client fails to record cash received from

Question:

If a customer pays its receivable in full but a client fails to record cash received from the customer, which of the following account balance assertions related to accounts receivable is misstated?

a. Completeness.

b. Rights and obligations.

c. Valuation at net realizable value.

d. Existence.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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