The Chart of Accounts for Miguel Corporation Includes the Following $\begin{array}{|l|l|l|}\hline {\text { SalariesExpense }} & 525 & \\\hline \text { Cash } & & 525 \\\hline\end{array}$

question 140

Multiple Choice

The chart of accounts for Miguel Corporation includes the following:

On journal page 5,the following transaction was found:
$\begin{array}{|l|l|l|}\hline {\text { SalariesExpense }} & 525 & \\\hline \text { Cash } & & 525 \\\hline\end{array}$
What is the posting reference that will be found in the Salaries Expense account?

• A)5
• B)11
• C)54
• D)none of these

Differentiate between types of decisions and their characteristics.

Recognize the impact of participative leadership on employee performance.

Identify inappropriate decision procedures based on the normative decision model.

Understand the challenges and psychological barriers to delegation in leadership.

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Definitions:

Current Liability

Short-term financial obligations that are due within one year or within a normal operating cycle.

Bank Indebtedness

The amount of debt owed to banks by an individual or corporation, typically arising from loans or overdrafts.

Payroll Liabilities

Financial obligations related to employee compensation, including owed wages, salaries, and other benefits, which a company must pay.

CPP Contributions

Payments made into the Canada Pension Plan by workers and employers to fund future retirement, disability, or survivor benefits.