Multiple Choice
Which statement below is true with regards to an audit trail?
A) An audit trail begins with the general journal.
B) An audit trail provides the means to check the accuracy and validity of ledger postings.
C) An audit trail is a summary of recorded transactions.
D) An audit trail is automatically created in every computer-based information system.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: What is the purpose of source documents?
Q95: Explain how data is organized and stored
Q96: Describe the methods used to collect data
Q97: Identify the statement below that is not
Q98: ERP stands for<br>A)enterprise resource planning.<br>B)enterprise resource program.<br>C)enterprise
Q100: Identify the four parts of the transaction
Q101: Street Smarts is a retailer located in
Q102: A properly configured enterprise resource planning (ERP)system
Q103: Product items are often coded with (select
Q104: The type of journal that records large