Decisions relating to general journal entries would include consideration of:
A)accounting standards,policies,and procedures
B)timing differences for a given accounting period
C)the need to incorporate data from external sources
D)All of the options are correct.

Question

Quizplus · Accepted Answer

Decisions relating to general journal entries would include consideration of accounting standards, policies, and procedures to ensure compliance with regulations and consistency in accounting practices. Timing differences for a given accounting period would also need to be taken into account to accurately reflect the financial position of the company. Additionally, external data such as invoices and receipts may need to be incorporated into general entries. Therefore, all of the options are correct.

Decisions Relating to General Journal Entries Would Include Consideration Of