Yasamin Roshni Owns and Operates a Small Deli in Miami,Florida

question 90

Multiple Choice

Yasamin Roshni owns and operates a small deli in Miami,Florida..She maintains a file that lists the steps required to make each of her famous subs.These step-by-step instructions are examples of a(n)

• A)operations list.
• B)bill of materials.
• C)production order.
• D)materials requisition.

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Definitions:

Accounts

A record within an accounting system that keeps track of financial transactions of a specific type, such as assets, liabilities, revenue, expenses, and equity.

Closing Entries

Adjustments made at the end of an accounting period to transfer balances from temporary to permanent accounts to prepare the books for the next period.

Revenues

Income generated from normal business operations, often from the sale of goods and services to customers.

Expenses

Costs incurred by a business or individual in the process of earning revenue, ranging from utilities to salaries.