An event typically associated with the banking module of a baseline accounting system is
A)Make adjusting entries
B)Write checks
C)Make deposits
D)Receive payments

Question

Quizplus · Accepted Answer

Writing checks is a common activity in the banking module of an accounting system. This includes recording payments made from the bank account, as well as ensuring that checks are properly authorized and recorded in the system. While other activities such as making deposits and receiving payments may also be associated with the banking module, writing checks is a more specific and relevant activity. Adjusting entries may be made in any module of the system to adjust accounts to reflect accurate financial information.

An Event Typically Associated with the Banking Module of a Baseline