If a Service Organization Is at Capacity, It Would Only

question 43

True/False

If a service organization is at capacity, it would only accept a special order for service if it was priced at or above the price that regular customers pay for the service.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure that total debits equal total credits.

Journal Entry

A record in the books of accounts that represents each business transaction, detailing the accounts and amounts to be debited and credited.

Debit

An entry recorded on the left side of an accounting ledger that increases an asset or expense account, or decreases equity, liability, or revenue accounts.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.