Prenumbered Source Documents Provide Necessary Control in a System by Automatically

question 91

True/False

Prenumbered source documents provide necessary control in a system by automatically assigning a sequential number to each new transaction.

---

Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Outstanding Ordinary Shares

The total number of shares currently held by shareholders, including restricted shares held by company officers and insiders, but not treasury shares.