Question

What responsibilities should the general ledger clerk not have? a. Record keeping responsibilities for special journals and/or subsidiary ledgers b. Preparing journal vouchers c. Custody of physical assets d. All of these are appropriate tasks for the general ledger clerk e. None of these are appropriate tasks for the general ledger clerk. Internal users are the primary users of the financial reporting system. a. True b. False

Answer 1

Part 1) Option E------None of these tasks are appropriate tasks for general ledger clerk

General ledger clerk does not have responsibility for record keeping for special journals and/or subsidiary vouchers. Preparing journal vouchers. Custody of physical assets.

General ledger clerk is responsible for creating journal entries , creating some parts of financial statements.

Part 2)Option B----- False

External users, shareholders, investors, creditors, lenders and government are primary users of financial reporting system.