Which of the following describes the difference between a General Ledger and a General Ledger Account?

Which of the following describes the difference between a General Ledger and a General Ledger Account?
A . A General Ledger Account is associated with Task and Expense Codes rather than a Business Unit.
B . A General Ledger Account is associated with a Business Unit rather than Task and Expense Codes.
C . They are both related functionalities used for the same purpose.
D . General Ledgers are required, while General Ledger Accounts are optional.

View Answer

Answer: A