Proposals and Counterproposals Will Be Made on Typed Copies as Reasonable

question 31

True/False

Proposals and counterproposals will be made on typed copies as reasonable and will be signed and dated by the appropriate party.

---

Definitions:

Materials Requisitions

A document used to request the transfer of materials from a storeroom to a production area.

Controlling Account

The account in the general ledger that summarizes the balances of the accounts in a subsidiary ledger.

General Ledger

The primary ledger, when used in conjunction with subsidiary ledgers, that contains all of the balance sheet and income statement accounts.

Direct Materials

Raw materials that can be directly traced to the production of a specific product or service.