A company chooses to not import historical trial balances. Which method can be used to reflect their current General Ledger?
A company chooses to not import historical trial balances. Which method can be used to reflect their current General Ledger?
To reflect the current General Ledger without importing historical trial balances, entering Opening Balances is the appropriate method. This approach involves recording the initial balances for all accounts as of the go-live date, providing a starting point for ongoing financial transactions and reports.
ans - D