Which of the Following Is True of Source Documents in an Accounting

question 37

Multiple Choice

Which of the following is true of source documents in an accounting information system?

• A)All journal entries can be considered as source documents in an accounting information system.
• B)Source documents provide control and reliability in an accounting information system.
• C)A manual document cannot be considered as a source document in an accounting information system.
• D)In a manual accounting information system,source documents refer to financial statements.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at that price.

Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity supplied.

Price Ceiling

A government-imposed limit on how high a price is charged for a product or service.

Price Control

Government-imposed limits on the prices that can be charged for goods and services in the market, aimed at managing affordability and stabilizing the economy.