Which of the following statements concerning general ledger accounts is true?

1 answer:

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The typical general ledger accounts usually do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Option C

Explanation:

Typical general accounting generations typically do not provide the accounting information required to schedule and monitor the production activities by job-cost managers.

A general account is a database used to organize, store and sum up transactions of a business. Such accounts shall be divided into a general leader (and a map of account), accompanied by the balance sheet accounts first.

A number that all agencies can use shall be allocated to each general ledger account. A number is also allocated to separate accounts in each division. The range of transactions involving most small businesses assigns a number of three or four digits to each account.

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