The purpose of an audit trail is to be able to trace a transaction from its origin through source documents to the final output or backwards from the final output to the original source documents to prove the accuracy and validity of ledger postings. With the aid of visual diagrams, describe in detail the audit trail for the following in a manufacturing business: Shipping an order to a customer Customer returns defective goods Employee payroll for employee wages (using time cards or time sheets)
The purpose of an audit trail is to be able to trace a transaction from its origin through source documents to the final output or backwards from the final output to the original source documents to prove the accuracy and validity of ledger postings. With the aid of visual diagrams, describe in detail the audit trail for the following in a manufacturing business: Shipping an order to a customer Customer returns defective goods Employee payroll for employee wages (using time cards or time sheets)
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 6MC: Which of the following is false about accounting information systems? A. They provide reports that...
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The purpose of an audit trail is to be able to trace a transaction from its origin through source documents to the final output or backwards from the final output to the original source documents to prove the accuracy and validity of
With the aid of visual diagrams, describe in detail the audit trail for the following in a manufacturing business:
- Shipping an order to a customer
- Customer returns defective goods
- Employee payroll for employee wages (using time cards or time sheets)
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