Examlex
When Motorola wanted to reduce the time between receipt and delivery of a customer's order for cellular phones, it studied Domino's Pizza procedures for delivery cycles. This is an example of
Transposition
An error in which the order of the digits is changed, such as writing $542 as $452 or $524.
Journalizing
The procedure of logging company transactions in a journal, forming a part of the cycle of accounting.
Debit
An accounting entry showing an increase in assets or expenses or a decrease in equity, liabilities, or revenue.
Credit
An accounting entry that increases liabilities or equity, or decreases assets, reflecting the value of transactions where goods, services, or cash are received.
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