Which of the following statements is not correct?
A. The audit trail is intended to verify the validity and accuracy of transaction recording.
B. The audit trail consists of records stored sequentially in an audit file.
C. The audit trail provides the means for locating and examining source documents.
D. The audit trail is created with document numbers and posting references.
Answer:B
Which of the following statements is not correct?
A. The audit trail is intended to verify the validity and accuracy of transaction recording. B. The audit trail consists of records stored sequentially in an audit file. C. The audit trail provides the means for locating and examining source documents. D. The audit trail is created with document numbers and posting references.