How Is General Ledger Updating Accomplished by the Various Accounting

question 43

Multiple Choice

How is general ledger updating accomplished by the various accounting subsystems?

• A) Individual journal entries for each accounting subsystem transaction update the general ledger every 24 hours.
• B) Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger.
• C) The controller or treasurer must approve accounting subsystem journal entries before any updating may occur.
• D) Nonroutine transactions are entered into the system by the treasurer's office.

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