Question $23$

The general ledger is updated

A$.$ during the record shipment information process

B$.$ during the record sales quote information process

C$.$ during the record sales order information process

D$.$ during the record billing information process

E$.$ None of the above

Question $24$

Which of the following is a benefit for a company that uses a $2-$way match to record a liability

related to a purchase of goods?

A$.$ There is no need to review the vendor's invoice, as the liability has already been recorded

B$.$ It does not require a company to obtain evidence of an open purchase order

C$.$ It reduces the time lag between the receipt of goods and recording the financial measurement of

the liability

D$.$ Both A and $C$ are benefits of using a $2-$way match

E$.$ All of the above are benefits of using a $2-$way match