An Accounting System That Accumulates and Reports Costs Incurred by Each

question 96

Multiple Choice

An accounting system that accumulates and reports costs incurred by each service department for management to evaluate the performance of a department is a:

• A)Departmental accounting system.
• B)Cost accounting system.
• C)Service accounting system.
• D)Revenue accounting system.
• E)Standard accounting system.

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Definitions:

Glossary Terms

A list of specialized or technical words with their definitions, often found at the end of a book or document.

Automated Index

A digital index created through automatic processes, typically involving software to catalog content for easier retrieval.

Instruction Steps

Sequential guidelines or procedures designed to help an individual accomplish a task or operation.

Concluding

The act of bringing something to an end or summarizing the main points or findings.