The general ledger system of an organization should be designed to serve the information requirements of both financial and nonfinancial users.This means that the system should
A)support producing regular periodic reports.
B)support the real-time inquiry needs of all users.
C)support producing regular periodic reports and respond to real-time inquiry needs.
D)support access by investors and creditors of the organization to general ledger balances.

Question

Quizplus · Accepted Answer

The general ledger system should be designed to serve the information requirements of both financial and nonfinancial users by supporting both regular periodic reports and the real-time inquiry needs of all users. It should also respond to the needs of investors and creditors by providing access to general ledger balances. Therefore, the best choice is C, as it includes both options.

The General Ledger System of an Organization Should Be Designed