Examlex
Companies are using many approaches to controlling health-care benefits costs, including three of the following. Which possible approach is most likely to be ignored?
Journal Entries
Recorded transactions in the accounting ledger that reflect the financial activities of a business.
Voucher
A document or record acting as evidence for a transaction, or as an authorization for payment.
Net Method
An accounting technique where discounts for early payment are calculated and recorded as lower sales prices at the time of sale, in anticipation that discounts will be taken.
Periodic Method
An accounting method that records inventory purchases and sales periodically, typically at the end of an accounting period, instead of continuously.
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