The inspection of a vendor's invoice by the auditors is:
A)Direct evidence about occurrence of a transaction.
B)Physical evidence about occurrence of a transaction.
C)Documentary evidence about occurrence of a transaction.
D)Part of the client's accounting system.

Question

Quizplus · Accepted Answer

The inspection of a vendor's invoice by the auditors is a type of documentary evidence as it is a written record of the transaction. This type of evidence provides support for the occurrence of a transaction, but it is not direct evidence as the auditors did not observe the transaction themselves. Additionally, the invoice is not physical evidence as it is not a tangible object. Finally, while the vendor's invoice is part of the client's accounting system, this is not the most accurate or relevant answer to this question.

The Inspection of a Vendor's Invoice by the Auditors Is