In an Electronic Data Interchange Environment,the Audit Trail

question 11

Multiple Choice

In an electronic data interchange environment,the audit trail

• A)is a printout of all incoming and outgoing transactions
• B)is an electronic log of all transactions received, translated, and processed by the system
• C)is a computer resource authority table
• D)consists of pointers and indexes within the database

---

Definitions:

Liabilities

Financial obligations or debts that a company or individual owes.

Total Assets

The sum of all assets owned by an entity, including both current and non-current assets, as shown on the balance sheet.

Money Market Securities

Short-term debt instruments, typically issued by governments, financial institutions, and corporations, characterized by high liquidity and low risk.

Principal Investment

An original amount of money invested, excluding any earnings or losses.