Which of the Following Controls Pertains to Audit Trails in the Batch

question 113

Multiple Choice

Which of the following controls pertains to audit trails in the batch processing of sales transactions?

• A)groups of documents are totalled
• B)audit trail is available in electronic form
• C)the focus is on preventing incorrect transactions
• D)remittance advice information is matched to sales invoice numbers

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Definitions:

Purchase Contract

A legal agreement between a buyer and a seller detailing the terms and conditions of a purchase.

Return

The profit or loss generated from an investment over a certain period of time.

Compounded Annually

A compound interest calculation made once per year.

Economic Equivalent

A theoretical figure representing the total cost or value of an asset, taking into account factors like inflation, interest rates, and opportunity cost.