Answered: Which of the following evidence…

Which of the following evidence provides the least assurance of reliability? A. Accounts receivable B. Sales invoice C. Vendor invoice D. Bank statements

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter3: The General Journal And The General Ledger

Section: Chapter Questions

Problem 5QY

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Concept explainers

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.

Question

Which of the following evidence provides the least assurance of reliability?

A. Accounts receivable

B. Sales invoice

C. Vendor invoice

D. Bank statements

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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