Which of the Following Would Be Suitable to Use as a Reference

question 55

Multiple Choice

Which of the following would be suitable to use as a reference identifier in an audit trail?

• A) The vendor's invoice date
• B) The vendor's invoice number
• C) The document number of a check issued
• D) The date of a check issued

---

Definitions:

Utility Ratio

The comparison of the utility (satisfaction) received from one choice relative to another.

Capital Goods

Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Investment

In economics, spending for the production and accumulation of capital and additions to inventories.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over time.