Which statement is not true?
A) The journal voucher is the only source of input into the general ledger.
B) A journal voucher can be used to represent summaries of similar transactions or a single unique transaction.
C) Journal vouchers are not used to make adjusting entries and closing entries in the general ledger.
D) Journal vouchers offer a degree of control against unauthorized general ledger entries.
Correct Answer:
Verified
Q27: With a limited work force and a
Q28: Which statement is not correct?
A)the post-closing trial
Q29: An income statement is an example of
Q30: Operational control involves motivating managers at all
Q31: What type of data is found in
Q33: Which situation indicates an internal control risk
Q34: Operational control decisions
A)set the goals and objectives
Q35: What account appears on the post-closing trial
Q36: Which report is not an output of
Q37: Which statement is not correct? The general
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