Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What Is the Purpose of Having a Ledger & a Journal in an Accounting System? The bookkeeper at Louis Inc sometimes posts entries directly to

What Is the Purpose of Having a Ledger & a Journal in an Accounting System?

  1. The bookkeeper at Louis Inc sometimes posts entries directly to the ledger and does not create any formal entries in the general journal. Why this might be a problem? How would you evaluate this process and why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Marshall RomneyPaul Steinbart

11th Edition

136015182, 978-0136015185

More Books

Students also viewed these Accounting questions

Question

Explain verbally why the formula a - = ^ + ^^~\ is incorrect.

Answered: 1 week ago

Question

Solve Prob. 27.4 with the finite-difference approach using x = 2.

Answered: 1 week ago