Which of the Following Is True

question 29

Multiple Choice

Which of the following is true?

• A) Relevant evidence is that which is material and has probative value.
• B) Relevant evidence is that which is material or has probative value.
• C) All material evidence is relevant.
• D) Evidence that has no probative value can be relevant.

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Definitions:

Debits

Entries in accounting that represent an increase in assets or expenses, or a decrease in liabilities, equity, or income.

Credits

Accounting entries that increase liabilities or equity or decrease assets or expenses.

Journal Entries

The recording of financial transactions into a company's accounting records, documenting the details of financial transactions that affect the financial statements.

Debit Accounts

Accounts that are increased with a debit entry, indicating either an increase in assets or expenses or a decrease in liabilities, equity, or revenue.