Which Item Below Is Not Considered a Major Input to the General

question 6

Multiple Choice

Which item below is not considered a major input to the general ledger and reporting system?

• A)summary entries from the major subsystems
• B)reports from managers
• C)adjusting entries
• D)financing and investing activities

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Definitions:

Internal Users

Internal users are individuals within an organization who use financial information to make decisions, including managers, employees, and owners.

External Users

Individuals or organizations outside a company who use its financial statements for decision-making purposes, such as investors, creditors, and regulatory agencies.

Accounting Information

Financial data and reports generated from the accounting system of a business, used for decision-making and financial analysis.

Limited Liability Company (LLC)

A business form consisting of one or more persons or entities filing an operating agreement with a state to conduct business with limited liability to the owners, yet treated as a partnership for tax purposes.