Which of the following accurately defines the audit trail? Multiple Choice a master reference file for the accounting system a financial record for entering all types of business transactions a serles of steps performed duning each accounting period to classify. record, and summarize data for a business. a chain of references that makes it possible to trace information, locate errors, and prevent fraud On December 10. Yumrey Catering purchased a new oven costing $14.500. They ussued a check for $2.500 and promised to pay the balance in 30 day. The journai entry to iecord this transaction Mutple Cholce If a joumal entry that contains an error has aiready been posted, Muitiple Cholso the incorrect mems should be orased and replaced wth the correct data. the joumal need not be corrected but the poring to the ledger should be corrected by crossing out the incorrect data and writing the correct data above it a correctind enty inouid be journatized and pocted the incofrect roms should be corected by croseing out the incoriect data and writho the cotrecr data above if in both the joumar and the jeager