Informal Channels of Communication Do Not Adhere to the Organization's

question 26

True/False

Informal channels of communication do not adhere to the organization's hierarchy of authority.

---

Definitions:

Correcting Entries

Journal entries made to correct errors found in the accounting records after the posting process.

Service Revenue

Income earned by a company for the services it has provided to its customers.

Utilities Expense

Costs incurred by a business for basic services such as electricity, water, and gas, classified under operating expenses in the income statement.

Owner's Drawings

Funds taken out of a business by the owner in a sole proprietorship or partnership for individual purposes.