Which Type of Requisition Is Used for Materials and Standard

question 15

Multiple Choice

Which type of requisition is used for materials and standard parts that are requested on a recurring basis?

• A)Open requisition
• B)Blanket requisition
• C)Traveling requisition
• D)Recyclable requisition (Cyc-Rec)

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Definitions:

Subsidiary Ledger

A detailed ledger that provides a breakdown of individual accounts receivable, accounts payable, or other account categories that together constitute a general ledger account.

General Ledger

A comprehensive ledger containing every financial transaction throughout a company's existence.

Special Journal

A ledger used in accounting to record and categorize similar types of transactions for efficiency.

Special Journal

A specialized accounting journal dedicated to recording a specific type of transaction, such as sales or purchases, for efficiency.