The general ledger clerk can make entries in special journals or subsidiary ledgersSelect one:TrueFalse
Question
The general ledger clerk can make entries in special journals or subsidiary ledgers
Select one:
- True
- False
Solution
Answer
The statement "The general ledger clerk can make entries in special journals or subsidiary ledgers" is True.
Explanation
In accounting, general ledger clerks are responsible for maintaining the company’s general ledger, which is the primary accounting record. They are typically allowed to make entries in special journals (such as sales, purchases, cash receipts, and cash disbursements journals) as well as subsidiary ledgers (which provide detailed information supporting specific general ledger accounts, such as accounts receivable and accounts payable). These roles may vary depending on the organization's size and policies; however, it is generally true that general ledger clerks handle entries in both special journals and subsidiary ledgers as part of their duties.
This capability aids in ensuring all transactions are properly documented and categorized, which is crucial for accurate financial reporting and analysis.
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