Which statement is not true?
a. The journal voucher is the only source of input into the general ledger.
b. A journal voucher can be used to represent summaries of similar transactions or a single unique transaction.
c. Journal vouchers are not used to make adjusting entries and closing entries in the general ledger.
d. Journal vouchers offer a degree of control against unauthorized general ledger entries.
C
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Which of the following characteristics would not stop an insurance company from accepting an insurance risk?
A. The item to be insured faces high catastrophic loss exposure. B. The item to be insured is part of a large group of homogeneous exposure units. C. The item to be insured has a market value difficult to determine. D. The item to be insured holds no hardship to the owner should it be lost or damaged.
Which of the following involves introducing less-expensive versions of established, brand name products?
A) markup pricing B) good-value pricing C) time-based pricing D) cost-based pricing E) target profit pricing