Which of the Following Are Documents That the Auditor May

question 52

Multiple Choice

Which of the following are documents that the auditor may find useful for gathering evidence about the acquisition and expenditure business process?

• A)purchase invoice
• B)accounts payable subsidiary ledger
• C)tangible asset subsidiary ledger
• D)petty cash disbursements journal
• E)adjusting journal entry report
• F)both A and B
• G)both C and D
• H)Both B and E

---

Definitions:

Seed Division

In a corporate setting, the Seed Division could refer to a segment of a company focused on developing and selling seeds or a startup phase within an organization aimed at growing new business ideas.

Break-even

The point at which total revenues equal total expenses, resulting in no net profit or loss.

Sales Dollars

The total revenue generated from the sale of goods or services, expressed in monetary units.

Net Operating Income

Income from a company's core business operations, excluding expenses such as taxes, interest, and extraordinary items.