Which of the following statements is false?
A) Codes should be consistent with intended use.
B) Codes should allow for growth.
C) Codes should be as simple as possible.
D) Codes should be customized for each division of an organization.
Correct Answer:
Verified
Q21: An audit trail
A) provides the means to
Q22: In transaction processing,generally which activity comes first?
A)recording
Q29: To be effective,the chart of accounts must
A)
Q31: Which of the following statements is true?
A)
Q36: The data processing method used by FedEx
Q47: A general journal
A)would be used to record
Q52: A chart of accounts is an example
Q70: A subsidiary ledger
A)is used to record infrequent
Q75: Which of the following is conceptually similar
Q78: A specialized journal
A)is used to record infrequent
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