Tammy, Lisa, Bart, Madaline, and Roberto All Work at Frink

question 82

Multiple Choice

Tammy, Lisa, Bart, Madaline, and Roberto all work at Frink Electronics. After work, Tammy, Lisa, and Madaline all enjoy going to the Lux Lounge for Happy Hour. Tammy, Lisa, and Madaline constitute a(n) ________ group.

• A) task
• B) formal
• C) informal
• D) performance
• E) action

---

Definitions:

Transaction Posted

The act of recording a financial transaction in the accounting records of a company.

Debit

A ledger entry contributing to the growth of assets or lessening of liabilities in a company's financial statement.

Credit

The provision of resources (such as money) by one party to another party where the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.

Transposition Error

A common accounting mistake where numbers are mistakenly reordered, leading to inaccurate data entry.