A Transaction That Is Recorded in the Journal Is Called

question 128

True/False

A transaction that is recorded in the journal is called a journal entry.

---

Definitions:

Employee Leasing

An arrangement where businesses contract with a third-party organization to manage and provide their workforce, transferring many of the employer's responsibilities and liabilities.

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's core competencies.

Employee Leasing

The practice of hiring a workforce through an intermediary that provides personnel to work on a temporary or long-term basis.