Adjusted trial balance figures are usually sent from the business reporting department to the:
A)the financial reporting officer
B)the managerial reporting officer
C)the business reporting department
D)the budgeting department

Question

Quizplus · Accepted Answer

Adjusted trial balance figures are used in the preparation of financial statements, which are important for external reporting purposes. Therefore, it is likely that the figures would be sent to the financial reporting officer. The managerial reporting officer would be more concerned with internal reporting, such as budgeting and forecasting. The business reporting department is responsible for generating the adjusted trial balance figures, so it would not make sense for them to send it to themselves. The budgeting department may use the adjusted trial balance figures as a basis for preparing budgets, but they would not be the primary recipient of the figures.

Adjusted Trial Balance Figures Are Usually Sent from the Business