Which of the Following Would Not Be Suitable as a Reference

question 44

Multiple Choice

Which of the following would not be suitable as a reference identifier in an audit trail?

• A) Customer invoice
• B) Document number of checks issued
• C) Purchase order number
• D) Internally generated numbers that represent completed transaction

---

Definitions:

Profit/(Loss)

The financial result of a company's operations and activities over a specific period, indicating net earnings or losses.

Associate Losses

Losses incurred from an investment in an associate, an entity over which the investor has significant influence but not control.

Equity Accounted Balance

A method of accounting whereby an investor recognizes its share of the profits and losses of its investee within its own financial statements.