From a Managerial Point of View,which Is the BEST Advice

question 27

Multiple Choice

From a managerial point of view,which is the BEST advice?

• A)Leave proofreading to the administrative help.
• B)Spot check documents for accuracy before signing them.
• C)Read all documents carefully before signing them.
• D)Key your own documents, even if you have administrative help.

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Definitions:

Credit Accounts

Accounts within financial accounting that are increased with a credit entry, carrying a balance that could be beneficial (revenue, gains) or detrimental (liabilities, expenses).

Journal Entry

A record in accounting that logs the debit and credit parts of a transaction in the financial records of a company.

Journal

A record where all financial transactions are initially recorded, using debits and credits, before being posted to individual accounts.

Increase Side

Refers to the side (debit or credit) of an account that is used to increase its balance, varying by account type.