Posting to the general ledger occurs:
A) As the transaction is recorded in the special journals
B) Is not required if special journals are utilized
C) Automatically at the end of each business day
D) Only when proper authorization has been given
Correct Answer:
Verified
Q44: Select the correct statement from the following:
A)If
Q45: Sales and sales returns can affect which
Q46: When a transaction occurs in a business,
Q47: The sales journal would have columns for
Q48: As computerized accounting systems get more and
Q50: Select the correct statement from the following:
A)The
Q51: Today's automated accounting process:
A)Is built on a
Q52: In the case of a manual accounting
Q53: Special journals are:
A)Utilized for infrequent special journal
Q54: Subsidiary ledgers:
A)Would not contain the detailed information
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