The primary assertion being addressed by sending bank confirmation isSelect one:a.classificationb.completenessc.existenced.rights and obligation
Question
The primary assertion being addressed by sending bank confirmation isSelect one:a.classificationb.completenessc.existenced.rights and obligation
Solution
The primary assertion being addressed by sending bank confirmation is c. existence.
This is because bank confirmations are primarily used to verify the existence of cash balances in the company's bank accounts. They confirm that the cash balances, as reported by the company, actually exist and are available for the company's use.
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