The Chart of Accounts for Miguel Corporation Includes the Following $\begin{array}{|c|l|l|}\hline \text { Cash } & 640 & \\\hline \text { Fees Earned } & & 640 \\\hline\end{array}$

question 137

Multiple Choice

The chart of accounts for Miguel Corporation includes the following:

On journal page 3,the following transaction was found:
$\begin{array}{|c|l|l|}\hline \text { Cash } & 640 & \\\hline \text { Fees Earned } & & 640 \\\hline\end{array}$
What are the posting references that will be found in the journal entry?

• A)41 and 11,respectively
• B)3 only
• C)11 and 41,respectively
• D)11 and 32,respectively

---

Definitions:

Process Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical areas such as cost, quality, service, and speed.

Core Processes

Fundamental business processes that are critical to achieving an organization's objectives and competitive advantage.

Process Reengineering

The radical redesign of business processes to achieve dramatic improvements in critical aspects like quality, output, costs, and service.

Small-batch Processing

A production method where goods are manufactured in small quantities, allowing for flexibility and customization.