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A Management Training Program That Gives Managers Assignments in a Variety

question 151

Multiple Choice

A management training program that gives managers assignments in a variety of departments in order to expose them to different functions within the organization is called


Definitions:

Ledger

A comprehensive collection of a company's financial accounts, used for recording all financial transactions.

Debits

Entries on the left side of an account ledger, indicating an increase in assets or decrease in liabilities and equity.

Credits

Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts, reflecting a gain in financial statements.

Chart of Accounts

An organized list of all accounts in a business entity's financial records, each with a unique identifier.

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