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There Are Two Basic Types of Cost Accounting Systems: Job

question 36

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There are two basic types of cost accounting systems: job order costing and process costing.


Definitions:

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An economic theory advocating minimal government intervention in the marketplace and allowing free interaction of supply and demand.

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A concept or movement aimed at creating a social order differing from the current, often focusing on ideals of equality and justice.

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Early mechanical devices invented for recording and playing back sounds, initially using cylindrical or disc-shaped records.

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