What statement is true?

Question

Externally generated documents must be reported in the general ledger to ensure accurate information.

Electronic funds transfers are externally generated documents that must not be reported in the general ledger.

Bank deposits are externally generated documents that must not be reported in the general ledger.

It is optional to report externally generated documents in the

Answer 1

The statement that is true among the options provided is:

Externally generated documents must be reported in the general ledger to ensure accurate information.

Externally generated documents, such as invoices, bank statements, and electronic funds transfers, are important for maintaining accurate financial records and must be included in the general ledger to reflect the true financial position of a business.