Multiple Choice
Which of the following statements concerning the leading ledger are true?
A) It is a type of sub-ledger
B) Global accounting principles are consolidated into it
C) Having a leading ledger is optional
D) All transaction data are posted to it
Correct Answer:
Verified
Correct Answer:
Verified
Q40: A reconciliation account records the impact of
Q41: _ is concerned with recording the financial
Q42: Financial statements can be generated for different
Q43: When does a credit take place? <br>A)When
Q44: Tangible assets are non-physical items such as
Q46: Tangible assets can include which of the
Q47: Accounting processes are broadly divided into two
Q48: What does the COA data include? <br>A)Client
Q49: Which term refers to an ordered listing
Q50: _ are internal divisions of an enterprise