Examlex
A process costing system is highly desirable when a company mass produces identical goods.
Revenues
The income generated from normal business operations and other activities.
Business Documents
Written records that provide evidence of business transactions, agreements, and other business activities.
Ledger Accounts
Records within a ledger that show all the financial transactions of a specific account, summarized.
Book of Original Entry
It is the initial record where financial transactions are documented in the accounting system.
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