Who should provide the adjusting entries in a well-designed general ledger and reporting system?
A) various user departments
B) the treasurer's area
C) the other major AIS subsystems
D) the controller's area

Question

Quizplus · Accepted Answer

The controller's area is responsible for providing adjusting entries in a well-designed general ledger and reporting system. This ensures that the financial statements accurately reflect the financial position of the company. Other departments may help gather information, but the controller's area should be responsible for making sure the entries are accurate and appropriately recorded.

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