April Works in the Accounting Department at Henson's Tire

question 198

Multiple Choice

April works in the accounting department at Henson's Tire & Auto.She is concerned that the company has been placing too many orders for office supplies and wants to look at all of the transactions involving the purchase of office supplies for the past several months.April can find such information by looking at the supplies account in the:

• A)ledger.
• B)cash flow statement.
• C)journal.
• D)account debit book.

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Definitions:

Supply Manager

A professional responsible for overseeing and managing a company's sources of supply, including procurement and supply chain management.

Assurance-Of-Supply Strategies

Tactics employed to ensure a continuous and reliable supply of necessary resources and materials.

Supply

The total amount of a product or service available for purchase or consumption.

Demand

Represents the quantity of a product or service desired by consumers at a certain price point and time.