Arkansas Real Estate Practice Exam

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What establishes an audit trail for each deposit of funds according to the text?

A unique series of letters or numbers
The tenant's signature
An electronic tracking system
The property manager's approval

The correct answer is: A unique series of letters or numbers

An audit trail is a paper or electronic trail that provides a record of each deposit of funds. In this case, a unique series of letters or numbers would establish an audit trail because it serves as a unique identifier for that specific deposit. The other options are incorrect because they do not provide a specific and unique identifier for the deposit. The tenant's signature could potentially be forged, an electronic tracking system can be manipulated, and the property manager's approval may not be specific to that particular deposit. Therefore, A is the only option that would effectively establish an audit trail for each deposit of funds.