Examlex
Google adopted the Google Food Program
Control Account
An account used in accounting to summarize and manage detailed information while keeping the general ledger free of clutter.
Expense Account
An account used to track expenses incurred, which are then offset against revenue to determine net profit.
Raw Materials Inventory
The total cost of all the raw materials that are used in production and currently stored by a company.
Materials Received
Refers to the quantity and cost of raw materials received by a company for use in production during a specific period.