To Avoid Legal Problems,before Firing an Employee,companies Should Ensure That

question 79

Multiple Choice

To avoid legal problems,before firing an employee,companies should ensure that

• A) they have given the person 60 days' notice.
• B) they have been unfair.
• C) the employee is a member of a minority.
• D) they have documented all problems and warnings in the employee's work records.
• E) the employee did good work.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.

Post-closing Trial Balance

A list of all balances remaining in an organization's accounts after the closing entries have been made, serving as a check to ensure that debits equal credits.

Post-closing Trial Balance

A financial statement prepared after closing entries are made, listing only the balance sheet accounts with non-zero balances.

Ledger

A principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.