Assertions in Billings in Business

What cannot be tested in the scenario where a small software company uses the preparation date as the invoice number?

a. Validity
b. Completeness
c. Classification
d. Proper period accounting

Final answer:

The assertion that cannot be tested in this scenario is proper period accounting.

Explanation:

The subject of this question is Business. The question asks about assertions that cannot be tested when a small software company, Infotech, uses the preparation date as the invoice number. The options given are validity, completeness, classification, and proper period accounting.

Out of these options, the assertion that cannot be tested in this scenario is proper period accounting. Proper period accounting refers to the recording of transactions in the correct accounting period, which currently cannot be determined using the preparation date as the invoice number. Therefore, option d, proper period accounting, is the correct answer.