TRUE Business systems maintain highly granular information about each business transaction through and even after its completion. Business systems automatically revise budgets by account as actuals are accumulated and variances occur. TRUE Managerial accounting books are the internal records used for the day-to-day management of the business. TRUE The General Ledger and Chart of Accounts are critical in enabling companies to develop meaningful budgets. It is essential for the Financial Analyst to identify and qualify the source of the financial data used. TRUE The subsidiary ledger bills the customer for the goods or services received