The financial process encompasses which of the following activities?
A) Summarized transaction and other event data from the other processes
B) Events that do not fall within the revenue, purchasing, or inventory processes
C) Events necessary to keep general ledger accounts up-to-date
D) All of the above are included in the financial process.

Question

Quizplus · Accepted Answer

The financial process encompasses all of the activities listed in choices A, B, and C. These activities include summarizing transaction and event data from other processes, handling events not covered by revenue, purchasing, or inventory processes, and keeping general ledger accounts up-to-date. Therefore, choice D is the best answer.

The Financial Process Encompasses Which of the Following Activities