Which One of the Following Would Be Considered the Most

question 59

Multiple Choice

Which one of the following would be considered the most reliable type of audit evidence?

• A)Purchase orders from vendors.
• B)Customer accounts receivable files.
• C)Computerized general ledger.
• D)Confirmations from banks.

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Definitions:

Factory Overhead

Costs incurred in the production process that cannot be directly linked to specific products, such as maintenance, utilities, and salaried personnel.

Product Cost

An aggregate measure of the total costs involved in creating a product, including direct, indirect, and overhead costs.

Vice President

An executive or senior officer in a business or organization, typically reporting to the president or CEO, with specific responsibilities that vary by the entity.

Finance

The management of large sums of money, especially by governments or large companies, encompassing activities such as lending, investing, and budgeting.