What Documentary Evidence Is Appropriate in Attempting to Determine If

question 4

Multiple Choice

What documentary evidence is appropriate in attempting to determine if recorded purchase transactions are valid and prices on the vendors' invoices are correct?

• A)Purchase requisitions and accounts payable entries.
• B)Receiving reports and purchase orders.
• C)Purchase requisitions and purchases orders.
• D)Purchase orders and bid quotes.

---

Definitions:

Investor

An individual or organization that commits capital with the expectation of receiving financial returns.

Guaranteed Loan

A loan backed by a third party, reducing the risk for lenders and often making it easier for borrowers to secure financing.

SBA

Refers to the Small Business Administration, a U.S. government agency that provides support to entrepreneurs and small businesses.

Venture Capital Firms

Investment companies that provide funding to start-up companies and small businesses with perceived long-term growth potential.