2 Which of the following statement is not true?A,The format of special journals that a business uses depends on the nature of the business.B.A subsidiary ledger is a secondary ledger that supports a controlling account in the general ledger.C.The company should design different special journals to record every single kind of transaction, e.g. RevenueJournal.D.When subsidiary ledgers are used, the primary ledger is then call the general ledger.AВO CD

Financial accounting process starts with journalizing the transactions. It is also known as…

Answered: 2 Which of the following statement is…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 6MC: Which of the following is false about accounting information systems? A. They provide reports that...

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A1 which of the following actions update/ record is: a master file, transactions file, special journal, general journal, general ledger or subsidiary ledger: a. record sales transactions on a manual accounting system. b. record adjusting journal entry on a manual accounting system which of the following actions update/ record is: a master file, transactions file, special journal, general journal, general ledger or subsidiary ledger a. record sales transactions on a manual accounting syste b. record adjusting journal entry on a manual accounting systemm.:
1. What is an accounting information system and what are its components? Please help me answer the question and explain it, don't copy and paste please... thank you
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CHARACTERISTICS OF USEFUL INFORMATION All records in a file must be uniquely identifiable in at least one attribute, which is its primary key.Drawing on your general knowledge of accounting,identify the primary key for the following types ofaccounting records. To illustrate, the first record isdone for you.
Which of the following will be not be called as Source Document of a Business? a. Debit note raised by the business b. Sales invoice issued by the business c. Purchase invoice received by the business d. List of suppliers are kept under Purchase ledger by the business
What are the uses of manual accounting information systems in business? What are the benefits of shifting to an electronic accounting system?
QUESTION 10 Which statement is true? O a. A controlling area and a company code must have the same local currency O b. A company code can belong to more than one controlling area. O C. A chart of accounts belongs to a storage location O d. A plant must be assigned/allocated to a company code.
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