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Title: Identify the most correct statement with regard to how the various accounting subsystems update the ... Post by: Villerys39 on Apr 8, 2019 Identify the most correct statement with regard to how the various accounting subsystems update the general ledger.
• Individual journal entries for each accounting subsystem transaction update the general ledger every 24 hours. • Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger. • The controller or treasurer must approve accounting subsystem journal entries before any updating may occur. • Nonroutine transactions are entered into the system by the treasurer's office. Title: Identify the most correct statement with regard to how the various accounting subsystems update the ... Post by: samah952 on Apr 8, 2019 Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger.
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