Which of the Following Statements Regarding Revenue Subsidiary Ledgers Is

question 4

Multiple Choice

Which of the following statements regarding revenue subsidiary ledgers is false?

• A) The number of revenue subsidiary ledgers necessary is at the discretion of management.
• B) The number of revenue subsidiary ledgers used is limited by the number of broad revenue categories e.g., taxes, licenses and permits, intergovernmental that a governmental entity reports.
• C) Entries to revenue subsidiary ledgers may be made at any time during a fiscal period.
• D) Revenue subsidiary ledgers are never required.

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Definitions:

Implicit Leadership Theories

Personal assumptions about the traits and abilities that characterize an ideal organizational leader.

Socialization

The process by which individuals learn and adopt the norms, customs, values, and behaviors appropriate to their society or social group.

Influence Outcome

The result of actions or strategies designed to affect the decisions, behaviors, or perceptions of others within an organizational or social context.

Commitment

The state or quality of being dedicated to a cause, activity, or job; wholehearted dedication.