A Business's Source Documents

question 234

Multiple Choice

A business's source documents:

• A) Include the chart of accounts.
• B) Must be in electronic form.
• C) Include the ledger.
• D) Are prepared internally to ensure accuracy.
• E) Provide objective evidence that a transaction has taken place.

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Definitions:

Quality

The degree to which a product or service meets or exceeds customer expectations.

Variety

The presence of multiple different elements or options within a certain context, providing a range of choices.

Reactive Controls

Management techniques that respond to problems or situations as they arise rather than anticipating them and acting in advance.

Post-action

Refers to the period or activities that happen after a specific action or event has taken place, often involving review or evaluation.