Multiple Choice
Which of the following statements regarding the authorization of general ledger posting is NOT true?
A) Posting to the general ledger always requires specific authorization.
B) User IDs and passwords can serve as authorization to post transactions to the general ledger.
C) A journal voucher serves as authorization for manual systems.
D) As IT systems become more automated, the authorization of general ledger posting is moved to lower levels of employees.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: Select the correct statement from the following.<br>A)To
Q48: Select the correct statement from the following:<br>A)If
Q49: Which of the following is NOT a
Q50: Capital is/are the funds:<br>A)Utilized to acquire long-term
Q51: When management designs and implements effective administrative
Q53: External reports do not include:<br>A)Balance sheets<br>B)Income statements<br>C)Sales
Q54: Equity is considered:<br>A)Bonds and loans with payment
Q55: Transactions are recorded in the special journals
Q56: While using a computerized IT accounting system,
Q57: Closing entries:<br>A)Close all of the general ledger