Security of Source Documents

question 28

Multiple Choice

Security of source documents:

• A)Is essential for both manual general ledger systems and IT accounting systems.
• B)Is not a factor with IT accounting systems since the source documents are electronic images.
• C)Is not a factor with manual general ledger systems since they are printed documents in archive files.
• D)None of the options, A, B, or C, are correct.

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Definitions:

Straight-Line Depreciation

A procedure for breaking down the cost of a tangible asset over its period of operation in equal annual installments.

Mutually Exclusive

Situations or events that cannot occur at the same time, requiring a choice to be made.

Straight-Line Depreciation

A template for apportioning the cost of a solid asset throughout its active life in equal yearly parts.