Kizspy | Question: 22
(Choose 1 answer)
What is the key difference between a G/L account and a customer or vendor account?
A. G/L accounts are used for recording financial transactions, while customer and vendor accounts handle
business transactions with external parties.
B. G/L accounts are used for tracking material movements, while customer and vendor accounts handle
financial transactions within the organization.
C. G/L accounts are used for tracking stock levels, while customer and vendor accounts handle sales and
purchase transactions.
D. G/L accounts are used for managing payroll transactions, while customer and vendor accounts handle
customer payments.
