Which Statement Is Not Correct? the General Ledger Master File

question 15

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:

Baby Boomers

Individuals born approximately between 1946 and 1964, often associated with significant economic, political, and social changes in their lifetimes.

Generation X

The demographic cohort following the Baby Boomers and preceding Millennials, typically born between the early 1960s and late 1970s.

Generation Y

Also known as Millennials, this group includes individuals born between the early 1980s and the late 1990s to early 2000s, known for their familiarity with digital technology.

Psychological Elder Abuse

A form of elder mistreatment involving emotional or mental harm inflicted on an older person, often manifesting through manipulation, neglect, or verbal assault.