When Would It Be Better for a Firm to Use

question 5

Essay

When would it be better for a firm to use flow shops rather than continuous process?

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Definitions:

Posting

The process of transferring entries from a journal into the respective accounts in the ledger.

Ledger Account

A record or statement that summarizes all the transactions relating to a particular item or entity in the accounting process.

Journal Page

A journal page refers to a sheet or electronic page in an accounting ledger where financial transactions are chronologically recorded.

Cash Advance

A short-term loan from a bank or alternative lender, often accessed through a credit card.