General ledger accounts help ensure that all expenses and revenues are allocated to the correct department. Each department in the organization will have its own department codes that will identify the expenses and revenue accrued to their department.

Question

Quizplus · Accepted Answer

General ledger accounts use department codes to allocate expenses and revenues to the correct department, ensuring accurate financial tracking and reporting for each department within an organization.

General Ledger Accounts Help Ensure That All Expenses and Revenues