If a Company Decides to Outsource to a Company in Another

question 47

Short Answer

If a company decides to outsource to a company in another country that is close in proximity as well as culturally, economically, and politically similar, they are using ____________type of outsourcing

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Definitions:

General Ledger

A comprehensive set of accounts that records all financial transactions of a business and is used to prepare financial statements.

One Column Purchases Journal

A simplified accounting journal used for recording the total monetary amount of purchases by a business.

Merchandise On Account

Purchasing goods from suppliers on credit, intending to pay at a later date, reflected in accounts payable.

Debits And Credits

The two facets of accounting entries; debits increase assets or decrease liabilities, while credits decrease assets or increase liabilities.