Why Might an Organization Use Internal Temporary Pools

question 56

Multiple Choice

Why might an organization use internal temporary pools?

• A) to decrease accountability for personnel errors
• B) to avoid paying agency feels to temporary help agencies
• C) to provide a buffer against lawsuits
• D) both to decrease accountability for personnel errors and to provide a buffer against lawsuits

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Definitions:

Cash Receipts Journal

A financial journal that records all cash transactions, including sales and received payments, entering a business.

Accounts Payable

Obligations of a company indicating funds due to lenders for products and services acquired through credit.

Sales Revenue

Revenue generated through the sale of products or offerings during a specific timeframe.

Other Accounts Column

A ledger or journal column reserved for transactions that do not fit into the standard categories of accounting entries.