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What Are the Limitations of Using a Job-Based Pay Structure

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What are the limitations of using a job-based pay structure?


Definitions:

Control Account

An account in the general ledger that summarizes the balances of a group of related accounts to keep the general ledger streamlined and manageable.

Control Accounts

Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers.

General Ledger

A complete record of all financial transactions over the life of a company.

Accounting Information System

A system designed to collect, store, manage, process, retrieve, and report financial data for business operations.

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