Examlex
Which of the following was a basic principle of Taylorism?
Double-Entry System
An accounting method that requires every financial transaction to be recorded in at least two accounts—where one account is debited and another is credited—to ensure accuracy and balance in the financial records.
Salaries Expense
The total amount paid to employees for services rendered during a specific period, typically recorded as an operating expense.
Accounts Payable
Debts incurred by a company towards its suppliers, reflected as liabilities on its balance sheet.
Prepaid Insurance
An asset account that represents insurance paid in advance, which is not yet expired and thus not yet an expense.
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