Workers Who Hold Multiple Jobs or Are Contingent or Part-Time

question 3

Multiple Choice

Workers who hold multiple jobs or are contingent or part-time are called ________.

• A) disposable
• B) seasonal
• C) temporary
• D) nontraditional

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Definitions:

General Journal

A primary accounting record used to record all types of transactions except for those related to specific tasks, such as sales or purchases, which have their own journals.

General Ledger Control Account

A General Ledger Control Account is a summary account that consolidates the total balances of all accounts in a subsidiary ledger, used to maintain integrity in financial reporting.

Subsidiary Ledger

A detailed ledger that contains the individual accounts with a common characteristic, supporting entries recorded in a general ledger.

Accounting Period

The span of time at the end of which a company's financial statements are prepared, typically a quarter or year.