MindTap Accounting, 1 term (6 months) Printed Access Card for Gelinas/Dull/Wheeler/Hill's Accounting Information Systems, 11th (MindTap Course List)
MindTap Accounting, 1 term (6 months) Printed Access Card for Gelinas/Dull/Wheeler/Hill's Accounting Information Systems, 11th (MindTap Course List)
11th Edition
ISBN: 9781305971424
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Chapter 16, Problem 5P
Summary Introduction

To explain: The problems encountered in comparing balance sheets.

Introduction:

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

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