The Purpose of Quality Control on Projects Is to Reduce

question 16

True/False

The purpose of quality control on projects is to reduce the number of defects in deliverables rather than to improve the project process.

---

Definitions:

Voucher

A record that acts as proof of a transaction and permits a payment to be made.

Gross Method

An accounting method for recording purchases at the full invoice price without deducting any cash discounts offered.

Net Method

An accounting technique that records purchases after discounts, where the purchase price is reduced by the expected discount amount.

Journal Entries

Journal entries are the foundational recordings of all financial transactions in the double-entry bookkeeping system, indicating debits and credits to accounts.