A Manager Engaged in the Management Function Of_________ and Taking

question 7

Multiple Choice

A manager engaged in the management function of_________ and taking corrective action when needed.

• A) planning
• B) organizing
• C) leading
• D) controlling
• E) motivating

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Definitions:

Adjusting Journal Entries

Entries made in the accounting records to correct errors or allocate income and expenses to the correct periods.

Journal Entry Icon

A graphical representation or shortcut in software, used to access the feature where financial transactions are manually recorded.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits in the double-entry accounting system.

Adjustments

Adjustments in accounting refer to entries made in journal accounts at the end of an accounting period to correct and allocate incomes and expenditures accurately.