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A Rating Scale That Gives Very Specific Examples of Good

question 78

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A rating scale that gives very specific examples of good, average, and poor performance is known as a


Definitions:

Transaction Chronologically

Recording of transactions in the order of their occurrence over time.

Accounts

Financial records that track all transactions related to a specific item, such as revenues, expenses, assets, liabilities, or equity.

Normal Balance

The side (debit or credit) of an account that is usual or expected to increase the balance of that account.

Liability

Financial obligations or debts that a company owes to others, which must be settled through the transfer of assets or provision of services.

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