All of the Following Are Limitations to Process Layout Except

question 53

Multiple Choice

All of the following are limitations to process layout except

• A)Higher movement and transportation costs
• B)More complicated planning and control systems
• C)Longer total processing time
• D)Limited range of products

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Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the books for the next period.

Selected Accounts

Accounts chosen for review or analysis, often for the purpose of financial reporting or auditing.

Normal Credit Balance

The expected positive balance of certain types of accounts in the double-entry bookkeeping system, such as liabilities, revenues, and equity accounts.

Sales Tax Payable

A liability account in the general ledger that accumulates the amount of sales tax collected from customers on behalf of local or state tax authorities, to be remitted in the future.