What Is the Function of an Audit Trail

question 81

Multiple Choice

What is the function of an audit trail?

• A) To detect the presence of a computer virus
• B) To detect a hardware malfunction
• C) To detect irregularities in data entry
• D) To prevent unauthorized access to the computer

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Definitions:

Rent Expense

A periodic payment made by a tenant to occupy property or use equipment, recorded as an expense on the income statement.

Adjusting Entry

Entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Accumulated Depreciation

The cumulative amount of depreciation expense recorded for an asset from the time it was purchased and deployed for use.

Depreciation Expense

An accounting method for allocating the cost of a tangible asset over its useful life, representing the asset's consumption.