A common test of balances in a revenue cycle is the inquiry of management about the likelihood of delinquent accounts receivable. This test concerns primarily with which one of the 28. following management assertions? a. Existence or occurrence assertion. c. Presentation and disclosure assertion. b. Valuation assertion. d. Completeness assertion. Solution 2A common test of balances in a revenue cycle is the inquiry of management about the likelihood of delinquent account receivable. This test concerns primarily with which one of the following management assertions? a.Existence or occurence assertion.