A ________ Structure Organizes Divisions According to the Requirements of the Different

question 48

Multiple Choice

A ________ structure organizes divisions according to the requirements of the different locations in which an organization appears.

• A) geographic divisional
• B) product divisional
• C) functional
• D) multidivisional

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Definitions:

Accounts Payable

Accounts payable refers to the amounts owed by a company to its creditors for goods or services received that have not yet been paid for.

Nominal Accounts

Accounts that are closed at the end of each accounting period; includes revenue, expense, and withdrawal accounts.

Sales Journal

A specialized accounting journal used to record all sales transactions of a company on credit.

Accounts Receivable Subsidiary Ledger

A ledger detailing individually the amounts owed by each customer, supplementing the general ledger's summary account.