Final answer:
The statement is True. Management's assertions for sales and collection activities remain the same whether sales are generated through traditional or e-commerce activities.
Step-by-step explanation:
Management's assertions for sales and collection activities remain the same whether sales are generated through traditional or e-commerce activities.
The statement is True. Regardless of the method of sales generation, management's assertions for sales and collection activities remain consistent. These assertions typically include ensuring the accuracy of sales records, proper recognition of revenue, and effectiveness of the collection process.
For example, whether a company sells products through physical stores or an online platform, management will still need to accurately record the sales transactions, recognize revenue appropriately, and ensure timely collection of payments from customers.