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Case 4-2
Jerry has inherited an Excel sheet that lists all of the system requirements for his team's new project. But unfortunately, his predecessor did not label the requirements with categories-or in some cases failed to categorize them correctly. He needs to take care of this so the requirements can be sorted correctly.
-Jerry has found one system requirement that he thinks could fit into a couple of different categories. The requirement is as follows: An employee record must be added, changed, or deleted only by a member of the human resources department. What is the best categorization of this requirement?
Contra Account
An account used in the general ledger to reduce the value of a related account when the two are netted together.
Balance Sheet Accounts
Accounts found on the balance sheet that include assets, liabilities, and shareholders' equity, reflecting the company's financial position at a specific point in time.
Major Sections
Main divisions within a document, report, or presentation that organize and categorize the content for easier understanding and navigation.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.
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