Quick answer: Organisations change because of pressure from inside and outside. Internal forces are changes in managers, changes in the
Quick answer: Organisational change means altering an organisation’s structure, technology, processes or people to adapt to new conditions. It is
Quick answer: Decentralization pushes decision-making authority down to lower levels of management. Its merits are motivated managers, faster decisions close
Quick answer: Centralization keeps decision-making authority with top management; decentralization spreads it systematically to lower levels. Centralization gives tight control
Quick answer: In the self-balancing system, every ledger has its own adjustment account, is complete under double entry and produces
Quick answer: In a sectional or self-balancing ledger system, the debtors and creditors ledgers are kept as separate sections, each
Quick answer: In self-balancing ledgers, errors that affect the total of a subsidiary book need two entries: a rectifying entry
Quick answer: In a self-balancing ledger system, each ledger is made to balance on its own by adding an adjustment
Quick answer: To transfer a balance from one ledger to another, pass a journal entry: debit the account in the
Quick answer: Under the sectional balancing system, only the general ledger is made self-balancing. Two control accounts are kept in