Discuss Briefly the Type of Information Contained on (A)a Bill

question 162

Essay

Discuss briefly the type of information contained on (a)a bill of materials and (b)an operations flow document.

---

Definitions:

T Account

A T Account is a visual representation of a ledger account, typically used in accounting to track the debit and credit balances of an account.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a residual claim on the company's assets and earnings.

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, thus holding a portion of the company's equity.

Journal Entry

A record in the accounting books that notes all the financial transactions of a business.