The Quantities Displayed on a Master Production Schedule Represent Production

question 72

True/False

The quantities displayed on a master production schedule represent production and not actual demand.

---

Definitions:

Amount Due

The total sum of money owed for goods or services provided, payable by a certain date.

90-Day Note

A short-term loan or promissory note that is due for repayment within 90 days.

Reversed Entries

Accounting entries that are made at the beginning of an accounting period to cancel out the adjusting entries made at the end of the previous period.

Paid Note

A paid note is a promissory note that has been fully repaid by the borrower, signifying the end of the loan agreement.