The Piecework System

question 9

Multiple Choice

The piecework system

• A) moves employees from job to job to give them more variety.
• B) provides training in the skills required to perform more than one job.
• C) pays people according to how much they produce.
• D) adds more duties to a job to make it more interesting.

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Definitions:

Trial Balance Preparation

The process of compiling the balances of all ledgers into debit and credit columns to ensure that the total debits equal total credits in financial accounting.

Account Balance

The sum of money available in a financial account at a specific moment.

Trial Balance

A trial balance is a bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to ensure total debits equal total credits.

Debits

Debits are accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.