If Two Part-Time People Split the Duties of One Job

question 144

Multiple Choice

If two part-time people split the duties of one job and are paid according to their contributions then they are most likely participating in ________.

• A) succession planning
• B) flexible sharing
• C) telecommuting
• D) job sharing

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Definitions:

Revenue Journal

A specialized accounting journal used to record the sales of goods and services and revenue generated.

Accounts Receivable

This term represents money owed to a business by its clients for goods or services delivered but not yet paid for.

Controlling Account

A general ledger account that summarizes the total amounts listed in a subsidiary ledger.

Cash Payments Journal

A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.