Which Statement Is Not Correct? the General Ledger Master File

question 39

Multiple Choice

Which statement is not correct? The general ledger master file

• A)is based on the firm's chart of account
• B)contains a record for control accounts
• C)is an output of the financial reporting system (FRS)
• D)supplies information for management decision making

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Definitions:

M'Naghten Rule

A legal standard used to determine whether a defendant was insane at the time they committed a crime, focusing on whether they understood the nature of their act or knew right from wrong.

Irresistible Impulse Test

A legal test for insanity that holds people to be insane at the time they committed a crime if they were driven to do so by an uncontrollable “fit of passion.”

Durham Test

A legal test for insanity that holds people to be insane at the time they committed a crime if their act was the result of a mental disorder or defect.

American Law Institute Test

A legal test for insanity that holds people to be insane at the time of committing a crime if, because of a mental disorder, they did not know right from wrong or could not resist an uncontrollable impulse to act.