______________ Are Units Within an Organization That Receive Services from Other

question 81

Multiple Choice

______________ are units within an organization that receive services from other units within the organization.

• A)End-users
• B)Internal customers
• C)Distribution centres
• D)Profit centres

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Definitions:

Debit Postings

Entries made on the left side of an account, increasing the balance of assets and expenses or decreasing liabilities and equity.

Credit Postings

Entries made on the credit side of an account ledger, indicating an increase in liability, revenue, or equity accounts, or a decrease in asset or expense accounts.

Liability Account

An accounting record used to track obligations the company owes to others, such as loans, leases, or accounts payable.

Expense Account

An account in which businesses record and track expenditures related to specific activities, such as travel or entertainment, for accounting purposes.