Each Account in the Cost Ledger Is Called A

question 138

Multiple Choice

Each account in the cost ledger is called a:

• A) finished goods sheet
• B) stock record
• C) materials requisition
• D) job cost sheet

---

Definitions:

Factor Of Production

A resource used in the production process to generate goods and services, such as labor, land, and capital.

Output

The aggregate output of goods or services from a firm, industry, or the economy as a whole.

Academic Probation

A warning status given to students whose academic performance falls below an institution's requirement.

Managerial Decision

A choice made by managers that determines the direction or action taken by an organization on various issues.