To Avoid a Negative Work Environment,managers Need to Be Constantly

question 52

True/False

To avoid a negative work environment,managers need to be constantly on the lookout for inequity in the workplace.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to prepare financial statements.

Permanent Accounts

Accounts that are not closed at the end of the accounting year and whose balances are carried forward to the next year, including assets, liabilities, and equity accounts.

Temporary Accounts

Accounts used to accumulate data related to one accounting period, including revenue, expense, and withdrawal accounts, which are closed at the end of the period.

Trial Balance Columns

Lists in a company's accounting records that show all the debit and credit balances of its accounts, used for internal checking purposes.