Which of the Following Best Defines the Accounting Data Standards

question 34

Multiple Choice

Which of the following best defines the Accounting Data Standards: General Ledger?

• A) focuses on sales orders, accounts receivable, shipments, invoices, cash receipts and adjustments to accounts.
• B) identifies data needed for purchase orders, goods received, invoices, payments, and adjustments to accounts.
• C) adds the chart of accounts, source listings, trial balance, and GL (journal entry) detail.
• D) defines the format for files and fields as well as some master data for users and business units.

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