TRUE OR FALSE:

Required Homework Questions Business systems maintain highly granular information about each business transaction through and even after its completion. Managerial accounting books are the internal records used for the day-to-day management of the business. The subsidiary ledger bills the customer for the goods or services received. It is essential for the Financial Analyst to identify and qualify the source of the financial data used. The chart of accounts presents accounts in the General, Subsidiary and Managerial Ledgers in a color-coded graphical presentation. The General Ledger and Chart of Accounts are critical in enabling companies to develop meaningful budgets