Question

Which of the following user groups generalls ledger and reporting system?

A) internal users
B) external users
C) inquiry processing by internal or external users
D) all of the above

Answer 1

The user group that generally uses a general ledger and reporting system includes internal users, external users, and inquiry processing by internal or external users.

Step-by-step explanation:

The Group that generally uses a general ledger and reporting system includes all of the options listed - internal users, external users, and inquiry processing by internal or external users.

Internal users refer to individuals within an organization who need access to financial information for decision-making purposes, such as managers and employees. They use the general ledger system to track and analyze financial transactions happening within the company.

External users, on the other hand, are individuals or entities outside of the organization who require financial information, such as investors, creditors, and regulatory authorities. They use the reporting system to assess the financial health and performance of the organization.

Inquiry processing can be performed by both internal and external users, as they may need to retrieve specific information or details from the general ledger and reporting system to support their analysis, decision-making, or reporting requirements.