Each of the Following Documents Is Used in the Control

question 182

Multiple Choice

Each of the following documents is used in the control of cash receipts except

• A)NSF checks.
• B)outstanding checks.
• C)bank deposit slips.
• D)bank credit memos.

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Definitions:

Non-value-added Time

Time spent in the production process that does not contribute to the end product's value or quality, often targeted for reduction in lean manufacturing practices.

Throughput Time

The amount of time it takes for a product to pass through a production process, from start to finish, including processing, inspection, and transit times.

Desirable

Something that is wanted or wished for because it is considered attractive, satisfying, or beneficial.

Operating Asset

Assets used in the day-to-day operations of a business to generate revenue, such as machinery, buildings, and equipment.