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Jake Has Described Something to You That You Have Never

question 9

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Jake has described something to you that you have never heard about.All employees in his organization are allowed to write down and submit ideas for improvements.What is this called?


Definitions:

Worksheet

A paper or electronic document used by accountants to compile and analyze financial data ahead of the preparation of financial statements.

Permanent Accounting Record

A permanent accounting record is a documented history of a company's financial transactions that are kept for long-term reference and compliance purposes.

General Ledger

A comprehensive record of all financial transactions that occur within a company, serving as the primary source for preparing financial statements.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the general ledger.

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