What Is a Work-In-Process Inventory File

question 33

Multiple Choice

What is a work-in-process inventory file?

• A)a file of electronic job-order cost sheets
• B)a file cabinet where work tickets are stored
• C)a file of electronic materials requisitions
• D)a file cabinet where material tickets are stored

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Definitions:

Endorsement

The payee’s signature on the back of a check. It is a transfer of title on the check to the bank in exchange for the amount of money on the face of the check.

Record Of A Deposit

Documentation that confirms the placement of money or other valuable goods into a bank account or safekeeping.

Deposit Slip

A paper that goes with a bank deposit, listing the cash and/or checks amount being put into the bank.

Customer

An individual or entity that purchases goods or services from a business.