The Explanation Column of the General Ledger

question 119

Multiple Choice

The explanation column of the general ledger

• A) is completed without exception.
• B) is nonexistent.
• C) is used infrequently.
• D) shows account titles.

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Definitions:

Customer Departmentation

Relatively self-contained units deliver an organization’s products or services to specific customer groups.

Departmentation

involves the division of an organization into separate departments or units, each managing specific functions or tasks.

Communication

is the process of exchanging information, ideas, thoughts, and feelings through verbal or nonverbal means between individuals or groups.

Professional Development

The continuous process of acquiring new knowledge, skills, and abilities that improve an individual's job performance and career prospects.