The general ledger clerks should not:Select one:a.Both of the choicesb.none of the choicesc.prepare journal vouchers,or have custody of physical assets.d.have record keeping responsibility for special journals or subsidiary ledgers
Question
The general ledger clerks should not:Select one:a.Both of the choicesb.none of the choicesc.prepare journal vouchers,or have custody of physical assets.d.have record keeping responsibility for special journals or subsidiary ledgers
Solution
The correct answer is a. Both of the choices.
This is because general ledger clerks should not have custody of physical assets or prepare journal vouchers, as this could lead to a conflict of interest or potential for fraud. They also should not have record keeping responsibility for special journals or subsidiary ledgers, as this is typically the responsibility of a different department or role within the accounting function. Therefore, both of the choices are actions that general ledger clerks should not do.
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