Security of source documents:
A)Is essential for both manual general ledger systems and IT accounting systems
B)Is not a factor with IT accounting systems since thethe source documents are electronic images
C)Is not a factor with manual general ledger systems since they are printed documents in archive files
D)None of the options are correct.

Question

Security of source documents:
A)Is essential for both manual general ledger systems and IT accounting systems
B)Is not a factor with IT accounting systems since thethe source documents are electronic images 
C)Is not a factor with manual general ledger systems since they are printed documents in archive files
D)None of the options are correct.

Quizplus · Accepted Answer

Security of source documents is essential for both manual general ledger systems and IT accounting systems. This is because the accuracy and integrity of financial information depends on the reliability of the source documents. Inaccurate or fraudulent source documents can result in errors in financial statements, misappropriation of funds, and potentially, legal and regulatory violations. Therefore, it is important to ensure the security of source documents through proper handling, storage, and access controls, regardless of the accounting system used.

Security of Source Documents