Who should provide the adjusting entries in a well-designed general ledger and reporting system?
A)Various user departments.
B)The treasurer department.
C)Anyone who has access to the other major AIS subsystems.
D)The controller office.

Question

Quizplus · Accepted Answer

The controller office has the responsibility of supervising the accounting system, ensuring the entries are accurate, complete, and prepared in accordance with accounting principles and standards. Therefore, they should provide the adjusting entries in a well-designed general ledger and reporting system. Other departments may provide input or information for these entries, but the final responsibility lies with the controller's office.

Who Should Provide the Adjusting Entries in a Well-Designed General