Identify the most relevant assertion$($s$)($max $2$ assertions per control$)$ for each control that is listed below $(10$ marks$).$ ControlAssertion$($s$)$Customer credit limits are reviewed on a monthly basis and amended in accordance with customer activity. Existence, ValuationPrior to paying for a purchase, supporting documentation $($invoices$,$ statements of account$)$ are reviewed for validity. Accuracy, OccurrencePaper timesheets submitted by employees for a given period are reconciled to the corresponding payroll ledger. Completeness, AccuracyDuring a full count of all capital assets all assets are physically labelled with unique identification numbers and their location, description and quantity is noted. Valuation, Existence The purchasing department, on receipt of the receiving report, matched it to the purchase order to ensure that all ordered goods were received. Accuracy, Completeness Prior to being entered into the payroll system, all paper timesheets are reviewed and signed off by the shift supervisor.