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In Professional Air Traffic Controllers (PATCO) Org. v. Fair Labor Relations Authority , PATCO and the Federal Aviation Authority (FAA) held a negotiation for a new agreement which was rejected by PATCO. Following the rejection, the parties resumed negotiation again, but when the negotiation failed to reach an agreement, PATCO went on strike against FAA. Is it illegal for PATCO to engage in a strike?
Accounts Receivable Control
A system or process used to manage and monitor amounts owed to a business by its customers for goods or services provided on credit.
Subsidiary Accounts
Ledger accounts that provide detailed information supporting summary-level entries in the general ledger and control accounts.
Special Journal
A type of accounting journal designated for recording a particular type of transaction in a more efficient manner.
Special Journals
Customized accounting journals used for recording and categorizing specific types of financial transactions.
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