Which of the Following Is a Documentary Symptom That Relate

question 36

Multiple Choice

Which of the following is a documentary symptom that relate to all kinds of understatement of liability fraud?

• A)Transactions recorded in a complete or timely manner.
• B)Reconciliation statement on unexplained items.
• C)Unusual discrepancies between the entity's records and confirmation replies.
• D)Balances or transactions that have supporting documents.

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Definitions:

Receiving Report

A document usually prepared by the receiving department detailing the goods received by a business, which is then used to verify invoices before payment.

Period Costs

Expenses that are not directly tied to the production of goods or services and are expensed within the period they occur.

Production Process

The sequence of operations or activities involved in converting materials into finished goods or services.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and equity.