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Identify the MOST appropriate use of the ERP audit trail comparing 'transaction date' vs 'posting date' for Ind AS reporting.
ATo override accounting-period locks for genuine corrections
BTo identify and prevent backdating of entries by surfacing inconsistencies between the date the transaction economically occurred and the date it was posted into the GL
CTo compute employee productivity by date
DTo check whether the same user posted multiple entries on a single day
Answer & Solution
Correct answer: B. To identify and prevent backdating of entries by surfacing inconsistencies between the date the transaction economically occurred and the date it was posted into the GL
The transaction date captures when the underlying transaction occurred; the posting date captures when it hit the GL. Inconsistencies surface backdating and period-cutoff violations — both of which compromise Ind AS reporting (cut-off, completeness). User productivity and period-lock overrides are not the purpose.
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