How is an audit trail used in the general ledger and reporting system?
What will be an ideal response?
Answer: An audit trail shows the path of a transaction through the accounting system. It can provide information needed to trace any changes made to the general ledger by tracing either to or from an original source document to the general ledger. It helps in tracing all changes in general ledger accounts from beginning balances to ending balances as well as any adjustments made to the accounts.
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The First Amendment is an amendment to the Constitution added in 1791 as part of the:
A. Bill of Rights. B. Declaration of Independence. C. USA PATRIOT Act. D. Natural and Legal Rights.
A pairwise comparison rating of 9 means that the two alternatives are
A) equally preferred. B) moderately preferred. C) strongly preferred. D) very strongly preferred. E) extremely preferred.