Match List I with List II:
| List I (Issue) | List II (Description) | ||
|
A. |
Cut-off |
I. |
Assets, Liabilities and Equity balances exist at the end of the period. |
|
B. |
Classification |
II. |
Transactions and events have been recorded in proper accounts |
|
C. |
Occurrence |
III. |
Whether all assets and liabilities are reported in the appropriate period. |
|
D. |
Existence |
IV. |
Transactions recognized in the financial statements have occurred and relate to the entity. |
Choose the correct answer from the options given below:
1
A- II, B- I, C- III, D- IV
2
A- IV, B- III, C- II, D- I
3
A- I, B- III, C- II, D- IV
4
A- III, B- II, C- IV, D- I