When updating the general ledger,sales,purchases,and production are examples of ________ entries,and issuance or retirement of debt and the purchase or sale of investment securities are examples of ________ entries.
A)adjusting;controller originated
B)accounting subsystem;treasurer originated
C)adjusting;special journal
D)controller generated;special journal

Question

Quizplus · Accepted Answer

Sales, purchases, and production are all part of the accounting subsystem, while issuance or retirement of debt and the purchase or sale of investment securities are typically initiated by the treasurer, making them treasurer-originated entries. Therefore, option B is the most appropriate answer. None of the other options accurately describe the nature of these transactions.

When Updating the General Ledger,sales,purchases,and Production Are Examples of ________