When a Job Is Completed, the Journal Entry Involves A

question 97

Multiple Choice

When a job is completed, the journal entry involves a:

• A)debit to Work-in-Process Inventory account and a credit to the Finished Goods Inventory account.
• B)debit to Cost of Goods Sold and a credit to the Finished Goods Inventory account.
• C)debit to Finished Goods Inventory account and a credit to Work-in-Process Inventory account.
• D)debit to Finished Goods and a credit to Cost of Goods Sold.

Comprehend the benefits of job descriptions in performance appraisals and job evaluations.

Grasp the principles of writing and updating job descriptions, including the analysis and research involved.

Understand the legal implications and requirements for job descriptions, including educational prerequisites.

Realize the significance of keeping job descriptions up-to-date and accurately reflective of the job.

---

Definitions:

Office Equipment

The tools, devices, or machinery used in an office setting to assist with day-to-day operations, including computers, printers, and furniture.

Credit Entry

An accounting entry that increases a liability or equity account, or decreases an asset or expense account, recorded on the right side of an account.

Asset Accounts

Accounts on a balance sheet that represent the resources owned by a company, which have value and can provide future benefits.

Common Stock

Equity ownership in a corporation, entitling holders to vote at shareholder meetings and to receive dividends.