Credit Postings to the Accounts Receivable General Ledger Account Come

question 37

True/False

Credit postings to the accounts receivable general ledger account come from the cash receipts journal and the general journal.

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Definitions:

Machine Hour

A unit of measure representing one hour of operating time for a machine, used in allocating manufacturing costs.

Fixed Cost

Operating expenses that do not change in proportion to the level of production or sales activity, such as rent or salaries.

Variable Costs

Expenses that fluctuate in proportion to the activity of a business.

Activity Level

A measure of the volume of production or operations, often influencing costs and revenues in a business.