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Payton was recently dismissed from her job in a hardware store. She had often been late for work, and she was so unresponsive to customers' needs that the store had received several complaints about her. Furthermore, she frequently complained about policies and procedures. A week after Payton's dismissal, the store's manager learned that Payton intended to sue the company for wrongful dismissal. She was saying she had complained of management's misdeeds, so the company retaliated. How should the human resource department have prepared the company for this situation?
Ledger
A comprehensive collection of a company's financial accounts, used for recording all financial transactions.
Debits
Entries on the left side of an account ledger, indicating an increase in assets or decrease in liabilities and equity.
Credits
Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts, reflecting a gain in financial statements.
Chart of Accounts
An organized list of all accounts in a business entity's financial records, each with a unique identifier.
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