What Type of Service Firm Would Not Likely Use Process

question 115

Multiple Choice

What type of service firm would not likely use process costing?

• A)sorting of mail
• B)filling printing orders
• C)processing cheques
• D)laundering of shirts

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Definitions:

Tax Line

A specific line on a tax form where particular income, deduction, or credit information is entered, affecting tax calculations.

Account Balances

The amount of money present in an account at any given moment.

Undeposited Funds

An accounting term referring to payments received but not yet deposited in a bank account.

Accounts Receivable

Balances due to a company for goods or services delivered or used but not yet paid for by customers.