The Two Prevalent Organizational Structure Models in Today's World Are

question 76

True/False

The two prevalent organizational structure models in today's world are the organic organization and the inorganic organization.

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Definitions:

Subsidiary Ledger

Individual accounts with a common characteristic grouped together in a separate or secondary ledger, which is used to support a controlling account in the general ledger.

Job Cost Sheet

An account in the work in process subsidiary ledger in which the costs charged to a particular job order are recorded.

Job Order Costing

A cost accounting system in which costs are assigned to specific jobs or batches, which are often custom orders.

Job Order Cost

A cost system that assigns costs directly to a specific job or batch of product, tracking direct labor, direct materials, and overhead.