The Accounting Practices That Are Practiced by a Decentralized Organization

question 150

Short Answer

The accounting practices that are practiced by a decentralized organization are referred to as ___________________________________.

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Definitions:

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest of previous periods on a monthly basis.

Retirement Plan

A financial arrangement designed to replace employment income upon retirement, which may involve contributions by employers, employees, or both.

Contributions

Amounts given or payments made towards a common goal, project, or for the benefit of a group.

Compounded Semi-annually

A method where interest is calculated and added to the principal amount twice a year.