Multiple Choice
Which statement is not correct? The general ledger master file
A) is based on the firm's chart of account
B) contains a record for control accounts
C) is an output of the financial reporting system (FRS)
D) supplies information for management decision making
Correct Answer:

Verified
Correct Answer:
Verified
Q34: Why is the audit trail necessary?
Q35: In contrast to tactical planning decisions,management control
Q36: All of the following are examples of
Q37: Describe at least three characteristics of strategic
Q38: Explain the purpose and contents of the
Q40: What type of data is found in
Q41: A characteristic of the management reporting system
Q42: XBRL reporting:<br>A)must be used by banks to
Q43: Designing an effective management reporting system does
Q44: Discuss three control implications of XBRL