Bank deposits are externally generated documents that must not be reported in the general ledger.
Externally generated documents must be reported in the general ledger to ensure accurate information.
It is optional to report externally generated documents in the general ledger.
Electronic funds transfers are externally generated documents that
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The statement that is true is:
Externally generated documents must be reported in the general ledger to ensure accurate information.
Externally generated documents, such as bank deposits and electronic funds transfers, are important for tracking the financial position of a business and must be recorded in the general ledger for accurate financial reporting.
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