If a Person Who Is Always Late for Work Is

question 94

Multiple Choice

If a person who is always late for work is late once again and blames it on a traffic jam,coworkers would probably attribute that person's lateness to ________.

• A)his car
• B)an external source
• C)an internal source
• D)traffic

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Definitions:

Cash Balance

The amount of cash a company has available, reflecting the total amount of cash and cash equivalents at a given point in time.

General Ledger

A full catalog of all economic activities a company has engaged in from its inception, systematically arranged by accounts.

Cash Account

An account that records all cash transactions, including receipts and payments, reflecting the company's liquidity status.

Permanent Accounts

Balance sheet accounts whose balances are carried over into the next accounting period.