Question

In: Accounting

Which of the following is NOT true of a turn around document? a. They may reduce the number of errors made by external parties. b. They are commonly used ..

Which of the following is NOT true of a turn around document?

a. They may reduce the number of errors made by external parties.

b. They are commonly used by utility companies (gas, power, water).

c. They are documents used by internal parties only.

d. They are both input and output documents. 

Solutions

Expert Solution

The statement that is NOT true of a turn around document is:

 

c. They are documents used by internal parties only.

 

Turn around documents are not limited to internal parties; they can also involve external parties. They are designed to be returned or "turned around" to the sender after they have been processed or filled out, facilitating communication between both internal and external parties. Therefore, option c is incorrect.


Therefore, option c is incorrect.

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