All corporate capital stock transactions should ultimately be traced to the:

Question

Quizplus · Accepted Answer

The minutes of the meetings of the board of directors would show the approval and authorization of capital stock transactions, making it the most accurate source to trace such transactions to. The cash receipts and disbursement journals may record the actual movement of funds, but they wouldn't provide the same level of detail or approval information. Numbered stock certificates may be helpful in verifying ownership of shares, but wouldn't necessarily provide information on the original transaction itself.

All Corporate Capital Stock Transactions Should Ultimately Be Traced to The