An event typically NOT associated with the financial module of a baseline accounting system is
A)Closing entries
B)Adjusting entries
C)Record deposits
D)Correcting entries

Question

Quizplus · Accepted Answer

Recording deposits is typically associated with the cash management or sales module of an accounting system, rather than the financial module which focuses on financial statements and reporting. Closing entries, adjusting entries, and correcting entries are all common functions of the financial module.

An Event Typically NOT Associated with the Financial Module of a Baseline