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Which of the following statements concerning the leading ledger are true? $(2$ correct

answers$)$

It is a ir$-$ledger

Global accounting principles are consolidated into the leading ledger

Having a leading ledger is optional

All transaction data are posted to the leading ledger

time.

A company cannot use a lading and non$-$leading ledgers at the same

Which of the following are correct postings to record the purchase of supplies from

a vendor on credit? $(2$ correct answers$)$

Debit vendor subledger account

Credit vendor subledger account

Debit supplies expense account

Credit supplies expense account

Debit accounts payable reconciliation account

Credit accounts payable reconciliation account

Which of the followings segments of data are in a chart of accounts? $(2$ correct

answers$)$

Client segment

Storage location segment

Plant segment

Company code segment

Purchasing organization segment

Sales organization segment

Qatar university would like to run internal reports on the financial vitality of the

different colleges. Which of the following statements is correct?

The expense accounts in control have corresponding primary cost elements in financial

accounting that help determine the viability of the different colleges.

Every transaction posted in the control module is automatically posted to the financial

accounting module where it is charged to a specific cost center.

the control module rather than financial accounting is responsible for running internal

reporting of the effectiveness of the different cost centers within each college.

the financial accounting module rather than control is responsible for running internal

reporting of the effectiveness of the different cost centers within each college.

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