Which Accounting Data Standards Ledger Identifies Data Needed for Purchase

question 14

Multiple Choice

Which Accounting Data Standards ledger identifies data needed for purchase orders,goods received,invoices,payments,and adjustments to accounts?

• A) Base Standard
• B) General Ledger Standards
• C) Procure to Pay Subledger Standard
• D) Inventory Subledger Standard

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Definitions:

Marketing Opportunity

A potentially favorable condition in which a business can capitalize on a changing trend or an increasing demand for a particular product or service in its market.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, language, or ancestry, often manifesting distinct social identity.

Professionally Employed

Refers to individuals who are engaged in occupations requiring specialized knowledge and often advanced education, typically in a field considered as a profession.

Programmed Machines

Machines designed to perform a predetermined sequence of operations automatically, often used in manufacturing and processing.