Explain What Is Involved in Building Capabilities Internally

question 80

Essay

Explain what is involved in building capabilities internally. What steps are required? How much time does it take? How hard is it? Support your answer.

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Definitions:

Credits

An accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.

Debits

An entry recorded on the left side of a double-entry bookkeeping system that increases asset and expense accounts, and decreases liability, equity, and revenue accounts.

Journal

A chronological record of all the financial transactions of a business, used for the process of accounting.

Indenting

The process of setting text inwards from the margin to separate sections or emphasize parts of a document.