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How often is the general ledger updated in Waren Sports Supply's accounting information system?

User Wbrugato
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Final answer:

The general ledger at Waren Sports Supply is updated periodically, ranging from daily to monthly, depending on transaction volume and company policy, with a computerized system enabling rapid postings.

Step-by-step explanation:

The general ledger in Waren Sports Supply's accounting information system is typically updated on a periodic basis. This can range from daily, to weekly, to monthly updates, depending on the volume of transactions and the company's accounting processes. In a computerized accounting system, entries made into various journal accounts are posted to the general ledger accounts almost immediately or according to a set schedule dictated by the company's accounting cycle. For precise frequency, it would be necessary to refer to the company's specific accounting practices and policies.

User Lucks
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