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Food Companies Are Prohibited from Using on Food Labels Nutrient

question 74

True/False

Food companies are prohibited from using on food labels nutrient or health claims that have not been approved by the FDA.


Definitions:

Control Accounts

General Ledger accounts that summarize the balances of numerous subsidiary accounts, used to consolidate and reconcile details.

Computerized Accounting System

An accounting system that utilizes software to record, store, and process financial transactions and data.

Month-end Postings

The journal entries made at the end of the month to record all transactions and adjustments for that month.

Financial Year

A period of twelve months used for accounting purposes and the preparation of financial statements, not necessarily aligning with the calendar year.

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