The First Step in Time Management Is _

question 8

Multiple Choice

The first step in time management is _.

• A)developing well-written goals and objectives
• B)making a list of things to do
• C)admitting you have a problem
• D)schedule your day

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Definitions:

Sales Returns and Allowances

A reduction in the amount of sales that accounts for the return of goods by customers and allowances for unsatisfied goods or services.

Purchases Discount

An accounting reduction in the price paid for goods or services if payment is made within a specified period.

Unearned Revenue

A liability account that records amount owed for goods or services in advance of delivery. The Cash account would record the receipt of cash.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.