A Copy of the Materials Requisition Slip Would Not Include

question 67

Multiple Choice

A copy of the materials requisition slip would not include the:

• A) quantity.
• B) stock number.
• C) cost per unit.
• D) name of the supplier.

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Definitions:

Unit of Measure Concept

An accounting principle that states transactions should be recorded in a single, consistent currency unit for accuracy and comparability.

Objectivity Concept

A concept of accounting that requires accounting records and the data reported in financial statements to be based on objective evidence.

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education within the United States.

Accounting Records

Documents and books that systematically record all financial transactions of an entity.