Identify the Most Correct Statement with Regard to How the Various

question 9

Multiple Choice

Identify the most correct statement with regard to how the various accounting subsystems update the general ledger.

• 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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Definitions:

Circuit Input

The point at which a signal or power enters an electronic or electrical circuit.

Control Coil

An electromagnetic coil used in electrical relays and contactors that, when energized, creates a magnetic field to open or close contacts within the device.

Operating Voltage

The specific voltage at which an electrical device or circuit is designed to operate optimally.

Terminal Numbers

Labels or numbers assigned to the connection points on an electrical device to guide correct wiring and setup.