Question

Summaries of __ __ are processed by the __ to update the general ledger control accounts.

FRS measures the status of __ __ and the changes in those resources and communicated this information to __ __.

Answer 1

Summaries of transactions are processed by the general ledger to update the general ledger control accounts. Financial Reporting Standards (FRS) measures the status of financial resources and the changes in those resources and communicates this information to stakeholders.

Step-by-step explanation:

The subject of this question is Business.

In accounting, summaries of transactions are processed by the general ledger to update the general ledger control accounts. Financial Reporting Standards (FRS) measures the status of financial resources and the changes in those resources and communicates this information to stakeholders.