Requirement a$.$ Explain the differences between management assertions about classes of transactions and events and management assertions about account balances.

Management assertions about classes of transactions and events relate to

and other events that are reflected in the

In contrast, assertions about account balances relate to the

that are included in the

Requirements b$.$ and c$.$ For each assertion, indicate whether it is an assertion about classes of transactions and events or an assertion about account balances. Then, indicate the name of the assertion made

by management.

View the table for a hint.

Begin with the management assertions for a$.$ through $f.$