Identify Which of the Following Statements Is True

question 104

Multiple Choice

Identify which of the following statements is true.

• A)Productivity is a measure of outputs divided by inputs.
• B)The fewer inputs needed to produce a given output, the more productive the organization.
• C)Inputs and outputs are difficult to measure.
• D)All of these answers are correct.

Explain the purpose and process of establishing a petty cash fund, including the rationale for adjustments.

Understand the process and rationale behind doing a bank reconciliation and the implications for cash management.

Understand the purpose and process of bank reconciliation.

Prepare adjusting journal entries based on a reconciliation report.