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Accounting Information Systems 9th Edition by James Hall
Edition 9ISBN: 978-1133934400Accounting Information Systems 9th Edition by James Hall
Edition 9ISBN: 978-1133934400 Exercise 68
Which of the following statements is most true?
A) Journal vouchers authorize all GL postings in a real-time GLS.
B) Adjusting and reversing entries to the GL do not require journal vouchers because these entries are not transactions.
C) Batch processing of journal vouchers is common for large organizations with multiple sources of transactions.
D) Journal vouchers are used to capture summaries of multiple transactions but are not used to capture single transactions.
A) Journal vouchers authorize all GL postings in a real-time GLS.
B) Adjusting and reversing entries to the GL do not require journal vouchers because these entries are not transactions.
C) Batch processing of journal vouchers is common for large organizations with multiple sources of transactions.
D) Journal vouchers are used to capture summaries of multiple transactions but are not used to capture single transactions.
Explanation
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The journal voucher is the source of rec...
Accounting Information Systems 9th Edition by James Hall
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