What Must an Employer Do to Create a Job Classification

question 4

Multiple Choice

What must an employer do to create a job classification system?

• A)evaluate jobs with the use of a job evaluation scale
• B)rank jobs according to the beliefs of committee members
• C)create job grades with increasing amounts of responsibility,skill,knowledge,or ability
• D)establish a point plan to evaluate all jobs

Calculate account balances based on debit and credit entries.

Grasp the process and purpose of transferring transaction information to ledger accounts.

Understand the structure and significance of a chart of accounts.

Recognize the treatment of deferred revenues in financial statements.

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, which should equal to ensure accuracy in accounts.