An Example of a Continuous Process Is the Production of

question 30

Multiple Choice

An example of a continuous process is the production of

• A)wedding invitations
• B)milk products
• C)jet aircraft
• D)all of the above

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.

Accounts

Financial records that track transactions related to a specific asset, liability, equity, revenue, or expense category.

Simple Journal Entry

A basic accounting entry used to record transactions with only one debit and one credit.

Debit

An accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.