B Com Exam  >  B Com Questions  >  What is the significance of periodically reco... Start Learning for Free
What is the significance of periodically reconciling operating ledgers in the purchasing process?
  • a)
    It ensures compliance with labor laws.
  • b)
    It prevents theft of goods.
  • c)
    It verifies the accuracy and timeliness of expenses.
  • d)
    It guarantees accurate recording of transactions.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the significance of periodically reconciling operating ledgers...
Periodically reconciling operating ledgers in the purchasing process is essential to verify the accuracy and timeliness of expenses. This step ensures that financial records are aligned with the actual transactions and expenses, and any discrepancies or errors can be identified and rectified in a timely manner.
Explore Courses for B Com exam
What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer?
Question Description
What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer?.
Solutions for What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the significance of periodically reconciling operating ledgers in the purchasing process?a)It ensures compliance with labor laws.b)It prevents theft of goods.c)It verifies the accuracy and timeliness of expenses.d)It guarantees accurate recording of transactions.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev