Question
( Multiple Answer Question ) Which of the following statements regarding reconciliation accounts is/are NOT true? a) Data are posted directly to them b) Data
(Multiple Answer Question)
Which of the following statements regarding reconciliation accounts is/are NOT true?
a) Data are posted directly to them
b) Data are automatically posted into them after they are posted to the corresponding sub-ledger
c) The reconciliation account includes the sum of the postings of the sub-ledgers
d) None of the above
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
5th Edition
1264467206, 978-1264467204
