What feature in an ERP system summarizes detailed transactions that occur in sub-ledger accounts?
A) Chart of accounts
B) Consolidated ledger
C) General ledger
D) Income statement

Question

Quizplus · Accepted Answer

The General Ledger in an ERP system is designed to summarize detailed transactions from various sub-ledger accounts (like accounts payable, accounts receivable, cash management, etc.), providing a comprehensive view of the financial state of the organization.

What Feature in an ERP System Summarizes Detailed Transactions That