Which Statement Is Not True

question 65

Multiple Choice

Which statement is not true?

• A)The journal voucher is the only source of input into the general ledger.
• B)A journal voucher can be used to represent summaries of similar transactions or a single unique transaction.
• C)Journal vouchers are not used to make adjusting entries and closing entries in the general ledger.
• D)Journal vouchers offer a degree of control against unauthorized general ledger entries.

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Definitions:

Interpretation

The action of explaining the meaning of something, or a way of understanding information within a specific context.

Income Records

Documentation that details the earnings or revenue received by an individual or organization over a certain period.

Human Errors

Mistakes made by people, often categorized as a factor affecting performance and outcomes in various fields.

Report-Writing

The process of organizing and presenting information in a structured document for a specific audience and purpose.