Multiple Choice
Closing entries are:
A) Journalized in all of the special journals
B) Journalized in the general journal
C) Journalized in the subsidiary ledgers
D) Journalized in the general ledger
Correct Answer:
Verified
Correct Answer:
Verified
Q70: Special journals include:<br>A)Accounts receivable journal, cash receipts
Q71: Select the correct statement from the following:<br>A)The
Q72: To maintain adequate records and documents in
Q73: When management has designed, implemented, and continually
Q74: Internal users:<br>A)Need more frequent reports than external
Q76: The account that a manufacturing operation and
Q77: IT controls over computer records and physical
Q78: Corporations with complex IT systems:<br>A)May automate their
Q79: When management designs and implements effective administrative
Q80: General ledger employees should record journal vouchers,