Which of the Following Would Not Be Considered Audit Evidence

question 86

Multiple Choice

Which of the following would not be considered audit evidence?

• A)the information in the accounting records
• B)the estimates of initial entries
• C)supporting documents
• D)general and subsidiary ledgers of the company

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Definitions:

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, thus holding a portion of the company's equity.

Journal Entry

A record in the accounting books that notes all the financial transactions of a business.

Accounts Receivable

Money owed to a business by its clients (customers) resulting from the sale of goods or services on credit.

T Accounts

A tool used in accounting to represent the debit and credit sides of a transaction for individual accounts.