When a Transaction Occurs in a Business, the Accountant Must

question 95

Multiple Choice

When a transaction occurs in a business, the accountant must decide if it is a regular and recurring transaction.If the transaction IS regular and recurring, it will be recorded in a ____1_____.If it is NOT regular and recurring, it will be recorded in a _____2_____.

• A)1=General journal; 2=Special journal
• B)1=General ledger: 2=Special ledger
• C)1=Special journal; 2=General Journal
• D)1=Special journal; 2=Subsidiary Ledger

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Definitions:

Interpersonal Conflict

Conflict that occurs between two or more individuals.

Intergroup Conflict

Conflict that occurs between groups or teams in an organization.

Interorganizational Conflict

Conflict that occurs between two or more organizations.

Intrapersonal Conflict

Conflict that occurs within an individual.