AssertionsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › AssertionsThis topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 4, 2017 at 6:00 pm #400443 ram456MemberTopics: 17Replies: 8☆Hello! Good Evening Sir!What is the difference between these two financial statement assertions- ‘Allocation’ and ‘Classification’? August 4, 2017 at 11:35 pm #400467 MikeLittleKeymasterTopics: 27Replies: 23200☆☆☆☆☆I don’t find ‘allocation’ anywhere as an assertion!Where have you read that it is?Classification is the assertion that revenues and expenses, assets, liabilities and equity interests have been entered into their proper accountsOk?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Assertions’ is closed to new replies.