If the Operation Is Low Cost and High Utilisation and the Market

question 16

Multiple Choice

If the operation is low cost and high utilisation and the market requirements are for high variety and many changes, that is:

• A) Match
• B) Mismatch

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Definitions:

Work Sheet Heading

The title section of a work sheet that typically includes the company name, title of the document, and the period covered.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balances after adjustments, used to prepare financial statements.

Adjustments Column

A column in financial statements or ledgers for entries that correct or modify the original amounts for better accuracy.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit accounts columns to check the accuracy of financial transactions.