When Ordering Inventory,all but Which of the Following Should Be

question 101

Multiple Choice

When ordering inventory,all but which of the following should be watched closely?

• A) Time of replacement
• B) Holding costs
• C) Ordering costs
• D) Management costs

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Definitions:

Purchases Journal

A specialized accounting journal used to record all purchasing transactions, particularly on account.

Record Purchase

The accounting process of recording the buying of goods or services in the financial records of a company.

Accounts Receivable Subsidiary Ledger

The subsidiary ledger containing the individual accounts with customers.

Cash Receipt Posting

Cash receipt posting involves recording the receipt of money into the financial records of a business, often marking the payment of an invoice or sale.