Question

Which of the following statements concerning general ledger accounts is true? The general ledger accounts are the only source of accounting information that managers of job order cost operations need to plan and control production activities. The general ledger accounts sometimes have many errors so managers of job order cost operations need to look to other information to plan and control production activities. The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities. The general ledger accounts do not provide the accounting information that managers of job order cost operations need because of deficiencies in internal controls.

Answer 1

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

Explanation:

A general ledger account is an account that is used in an organization to sort and summarize the transactions of an organization. These form of accounts are arranged in a general ledger and the balance sheet will have to appear first which is then followed by income statement.

It is also used to record every journal transactions that has taken place in order to prepare trial balance. General ledger accounts don't accounting information to the job order cost operations need to plan and control production activities due to the fact that costing had to do with several costs.