CONDITION AFFECTED ACCOUNT OR TRANSACTION CLASS AFFECTED ASSERTION EXAMPLE The accounting department's chief bookkeeper handles and processes cashreceipts. By deferring the recording of cash received from customers, the bookkeeper can conceal a cash shortage. This is done by applying cash received from one customer to the account of another customer who has already made a payment. As long as there is a steady payment stream by customers, cash can be "pulled out" of the stream and covered by subsequent payments. CASH [understated] OR ACCOUNTS RECEIVABLE (overstated] CASH-COMPLETENESS OR AR - EXISTENCE Biggym receives membership fes from customers' two-year gym memberships when the customers sign the gym membership contracts.. Biggym then debits cash and credits sales revenue. ComCo recorded a material amount of maintenance expense as additions to plant & equipment