All transaction cycles feed information directly into the
A)financial statements.
B)governmental reports.
C)general ledger and reporting system.
D)financing operations.

Question

Quizplus · Accepted Answer

The general ledger and reporting system is the central hub where all transactions are recorded and processed. This system feeds information into the financial statements, which are used by investors and stakeholders to evaluate the company's financial performance. It may also be used to generate governmental reports, but this is not the primary purpose of the system. Financing operations are not directly impacted by transaction cycles.

All Transaction Cycles Feed Information Directly into the