Which of the following is not true with regards to internal controls in the general ledger process?
A)General ledger employees should never have custody of assets that they record in the general ledger.
B)A proper segregation of duties in a general ledger system is that general ledger functions should be segregated from special journal recording tasks.
C)A proper segregation of duties in a general ledger system is that general ledger functions should be segregated from subsidiary ledger tasks.
D)In a manual and automated accounting system, the same written authorization (signed sign off on a journal voucher) is required to process transactions in the general ledger.

Question

Quizplus · Accepted Answer

In a manual accounting system, a physical signature on a journal voucher is typically required for authorization, whereas in an automated accounting system, electronic authorization may be used instead. Therefore, the same written authorization is not always required in both types of systems.

Which of the Following Is Not True with Regards to Internal