These Organizations Were the First to Employ the Ideas of Quality

question 98

Multiple Choice

These organizations were the first to employ the ideas of quality experts such as W.Edwards Deming and Joseph M.Duran.

• A)Japanese companies
• B)Chinese companies
• C)American companies
• D)Canadian companies

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Definitions:

Formal Accounting Records

Official documents and books that systematically record financial transactions and positions of a business.

Work Sheet

An internal document used by accountants to prepare financial statements, gather information, and perform adjustments before the closing of accounts.

Reversing Entries

Journal entries made the first day of the period that are the exact opposite of the related adjusting entries of the prior period.

Adjusting Entries

Journal entries used to adjust the accounting records for events that have occurred but not yet recorded in the financial statements at the end of the accounting period.