Journalizing and Posting the Adjustments and Closing Entries Updates the Ledger

question 159

True/False

Journalizing and posting the adjustments and closing entries updates the ledger for the new accounting period.

Recognize the protections offered by Title VII against discrimination.

Understand the role of workplace assessments in measuring representation of women and minorities.

Identify patterns of discrimination against protected groups and the legal responses to such patterns.

Understand the concept of national origin discrimination and its implications in the workplace.

---

Definitions:

Specially Manufactured Goods

Items that are custom-made to a buyer's specifications, making them unique and not easily resaleable in the general market.

Oral Contract

An agreement made through spoken words without written documentation, legally enforceable if it meets certain criteria.

Enforceable

Describing a legal agreement that can be compelled or upheld in a court of law.

Parol Evidence

Parol Evidence refers to verbal or extrinsic information that is not included in the written contract, which parties may attempt to introduce to interpret, modify, or supplement the contract terms.