A Source Document Serves Important Functions in the Accounting System

question 85

Multiple Choice

A source document serves important functions in the accounting system.Which of the following is not one of those functions?

• A)Provides the output data for financial reports
• B)Serves as part of the permanent audit trail
• C)Triggers beginning of business processes
• D)Provides the input data to record the transaction

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Definitions:

Ration Coupons

Tickets or coupons that entitle individuals to purchase a certain amount of a given product per month.

Rationing Coupons

Tickets or certificates that allow the holder to purchase a certain amount of a product or service, used especially in times of shortages to ensure equitable distribution.

Misallocation

The inefficient distribution or use of resources in an economy, often resulting from market failures or government intervention.

Resources

Assets, materials, and inputs needed for the production of goods and services, including time, labor, capital, and natural resources.