Which of the Following Documents Is Used as the Basis

question 144

Multiple Choice

Which of the following documents is used as the basis for posting to the direct materials section of the job cost sheet?

• A) Purchase requisition.
• B) Materials requisition.
• C) Receiving report.
• D) Purchase order.

---

Definitions:

IASB

The International Accounting Standards Board (IASB) is responsible for developing and promoting the use of International Financial Reporting Standards (IFRS).

IFRS Foundation

The IFRS Foundation oversees the International Accounting Standards Board (IASB), which establishes International Financial Reporting Standards (IFRS).

IOSCO

The International Organization of Securities Commissions, which is a global body that sets standards for securities regulation.

IFRS for SMEs

An internationally recognized set of accounting standards designed specifically for small and medium-sized enterprises, simplifying the reporting process and disclosure requirements.