Pre-Numbering of Source Documents Helps to Verify That

question 17

Multiple Choice

Pre-numbering of source documents helps to verify that

• A) all transactions have been recorded since the numerical sequence serves as a control.
• B) source data automation was used to capture data.
• C) documents have been used in order.
• D) company policies were followed.

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Definitions:

Advance in Technology

Advance in technology refers to the progressive development and innovation in technology that leads to more efficient processes, products, and services.

Human Capital

The economic value of an individual's skills, knowledge, and experience, considered in terms of the ability to perform labor to produce economic value.

Economic Cost

The total cost of choosing one action over another, including both explicit and implicit costs.