The First Activity in the General Ledger System Is to Update

question 73

Multiple Choice

The first activity in the general ledger system is to update the general ledger.Updates come from the various accounting subsystems as well as from the treasurer.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.

Appreciate the importance of coping with uncertainty as a source of power within organizations.

Understand the basic components and importance of effective communication in organizations.

Recognize the significance of the encoding and decoding processes in the communication model.

Identify the role of technology in modern organizational communication.

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Definitions:

Employee Free Choice Act

a proposed U.S. law aimed at making it easier for workers to form, join, or assist labor organizations and provide for mandatory injunctions for unfair labor practices during organizing efforts.

Wagner Act

Also known as the National Labor Relations Act of 1935, it is foundational U.S. legislation establishing the right of workers to organize into trade unions and engage in collective bargaining.

Disparate Treatment Discrimination

A form of discrimination where an individual is treated less favorably than others in similar circumstances, based on race, color, religion, sex, or national origin.

Protected Characteristic

Attributes or traits legally protected from discrimination, such as race, gender, disability, or age.