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Deming stresses that workers are primarily responsible for poor quality because very often they fail to follow instructions.
Transaction
An economic event or condition that directly changes an entity's financial condition or its results of operations.
Debit And Credit
Fundamental concepts in accounting that represent the increase or decrease in an account balance; debits increase asset or expense accounts, while credits increase liability, equity, or revenue accounts.
Chart Of Accounts
An organized list of all accounts in a company's financial system, which is used to classify transactions.
Financial Statement Order
The sequence in which the key financial documents are prepared, typically including the income statement, balance sheet, statement of cash flows, and statement of retained earnings.
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