It Is Important in Lateral Communication to Remember to

question 22

Multiple Choice

It is important in lateral communication to remember to

• A) pass the message along
• B) put the message in writing
• C) let the supervisor know decisions
• D) use the cross-functional team

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Definitions:

General Ledger

The primary accounting record of a business which contains all the balance sheet and income statement accounts.

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Trial Balance

A ledger balance compilation sheet in bookkeeping, organizing debit and credit balances into columns that have equal totals.

Financial Statement Order

The sequence in which financial reports, such as the balance sheet, income statement, and cash flow statement, are prepared and presented.