____________ are internal divisions of an enterprise that are used to define areas of responsibility or to meet the external reporting requirements of an enterprise segment.
A)Cost centers
B)Depreciation areas
C)Business areas
D)Sub-ledgers
E)None of the above

Question

Quizplus · Accepted Answer

Business areas are internal divisions of an enterprise that are used to define areas of responsibility or to meet the external reporting requirements of an enterprise segment. Cost centers refer to specific departments or units within an organization that are responsible for incurring and managing costs. Depreciation areas are used to track and manage the depreciation of fixed assets. Sub-ledgers refer to subsidiary records that contain details of specific transactions or accounts, which are ultimately summarized in the general ledger.

____________ Are Internal Divisions of an Enterprise That Are Used