Tim Works at a Machine Shop

question 1

Multiple Choice

Tim works at a machine shop.He notices that one of the guards on a grinder is very loose and not working properly.What duty does he have under OH&S legislation?

• A)tell his supervisor about the defective equipment
• B)start a stop work order
• C)fix the guard himself
• D)none, unless there is an incident

---

Definitions:

Debit And Credit

In accounting, debit and credit are entries that record changes in value to accounts, where debits increase asset or expense accounts and decrease liability, equity, and revenue accounts.

Increase And Decrease

General terms referring to the upward or downward movement in value, quantity, or level of something over time.

Compound Journal Entry

An accounting journal entry that involves more than two accounts, where there is at least one debit and two or more credits, or vice versa.

Debits

Financial transactions that increase assets or decrease liabilities or equity on a company's balance sheet.