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

Business

You might also like to view...

Study the diagram below. This is one cell with three homologous pairs of chromosomes pictured in eight different patterns.A. What is this diagram illustrating?B. How many daughter nuclei will result from these cells?C. How many different combinations of chromosomes are there?

What will be an ideal response?

Business

An old factory was converted into condominiums on the top six floors, a health club on the fourth floor, offices on floors two and three, and specialty shops and restaurants on the ground floor. This would be an example of a(n)

A. super regional mall. B. multiformat development. C. omnicenter. D. mixed-use development. E. theme/festival center.

Business

The earning of interest on interest is

A) present value B) future value C) discount rate D) compounding of interest E) interest earned

Business

Five years ago you took out a 30-year mortgage with an APR of 6.20% for $206,000. If you were to refinance the mortgage today for 20 years at an APR of 3.95%, how much would you save in total interest expense?

A) $200,503 B) $150,377 C) $50,126 D) $100,251

Business