Examlex
Which of the following alternatives to specialization has the disadvantages of raising training costs,of having unions arguing for more pay for doing more tasks,and of worker boredom?
Journal Entry
A record in accounting that represents a transaction and its effect on various accounts, ensuring the debits and credits balance.
Ledger
A book or collection of accounts in which account transactions are recorded and categorized to show changes in financial positions.
Total Debits
In accounting, this refers to the total sum of all debit entries recorded in all accounts for a given period.
Total Credits
The sum of all credit entries recorded in the accounting books of a business, reflecting the total value of transactions decreasing assets or increasing liabilities and equity.
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