Author Question: Which of the following is a purpose of document dumping? A) to get rid of unnecessary and ... (Read 52 times)

DelorasTo · **on:** Jul 6, 2018

Which of the following is a purpose of document dumping?

A) to get rid of unnecessary and outdated documents and retain only those documents that are relevant
B) to conceal relevant and vital information from being tracked by the forensic accountants
C) to destroy material documents that contain important data
D) to make the document of interest more difficult to identify

Question 2

Which of the following errors, each considered separately, would cause the trial balance totals to be unequal?
a. A payment of 20 for Miscellaneous Expense was recorded as a debit of 20 to Cash and a credit of 20 to Miscellaneous Expense.
b. The amount of 326 received from customers on account was posted as a debit of 236 to Cash and a credit of 236 to Accounts Receivable.
c. A payment of 410 to a creditor was posted as a debit of 410 to Accounts Payable and a credit of 41 to Cash.
d. A payment of 18 to a creditor was posted as a debit of 180 to Accounts Payable and a credit of 180 to Cash.
e. A receipt of 36 for Income from Services was recorded as a debit to Cash for 36 and a credit to Account Receivable for 36.

zogaridan · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

D
Explanation: D) The purpose of document dumping is to make the document of interest more difficult to identify and to force the opposing side to expend time and money sorting through the irrelevant documents.

Answer to Question 2

c