After transactions are in Receipt Accounting, which tasks must be completed for these transactions to transfer to the General Ledger?

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To ensure that transactions in Receipt Accounting successfully transfer to the General Ledger, specific steps must be followed. After transactions are recorded in Receipt Accounting, one of the crucial tasks is the transfer of these transactions from the receiving process. This step ensures that the appropriate information about the inventory received is accurately documented and ready for the next stage in accounting.

In addition to transferring transactions from receiving, creating distributions is also necessary. Creating distributions involves determining how the costs associated with the received inventory will be allocated across various accounts in the General Ledger. This allocation is vital for maintaining accurate financial records.

Both tasks—transferring transactions and creating distributions—are integral to completing the process of moving information from Receipt Accounting to the General Ledger. This means that both must be completed for the transactions to be fully acknowledged and accurately reflected in the financial statements.

While adjusting inventory amounts may be necessary in some scenarios to ensure that inventory records match actual stock levels, it is not a prerequisite for transferring transactions to the General Ledger. Thus, the focus on transferring transactions and creating distributions is key to ensuring a seamless flow of information into the General Ledger, which is why the answer that includes both B and C is correct.

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