Office Administration Accounting Exam Review
Course
Introduction
Office Administration Accounting is a course designed to provide students with the foundational knowledge and practical skills necessary to manage financial tasks within an office environment. The course covers topics such as bookkeeping, payroll processing, invoicing, budgeting, accounts payable and receivable, and the use of accounting software commonly utilized in business settings. Students will develop a strong understanding of accounting principles, financial statement preparation, and compliance with regulatory standards. Emphasis is placed on accuracy, organizational skills, and professionalism, preparing graduates for administrative and accounting roles in a variety of office settings.
Recommended Textbook College Accounting A Practical Approach 12th Canadian Edition by Jeffrey Slater
Available Study Resources on Quizplus
25 Chapters
3155 Verified Questions
3155 Flashcards
Source URL: https://quizplus.com/study-set/3532
Page 2
Chapter 1: Accounting Concepts and Procedures
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70162
Sample Questions
Q1) Tracey's Photography completes the following transactions:
a. Tracey invests $10,000 cash in her company.
b. The company purchases equipment on account, $500.
c. The company purchases additional equipment for cash, $200.
d. The company makes a payment on account for the equipment, $300.
Required: Record the above transactions in the basic accounting equation.
Answer: 11ea8559_adaf_9460_9aec_4d449178a862_TB5850_00
11ea8559_adaf_9461_9aec_b5977b51be38_TB5850_00
Q2) Accounting provides information to:
A)managers.
B)government. C)investors.
D)All of these answers are correct. Answer: D
Q3) Withdrawals are considered an expense of doing business.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Debits and Credits: Analyzing and Recording
Business Transactions
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70151
Sample Questions
Q1) A list of all the accounts from the ledger with their ending balances is called a:
A)normal balance.
B)trial balance.
C)chart of accounts.
D)footing.
Answer: B
Q2) The left side of any account is the:
A)debit side.
B)credit side.
C)ending balance.
D)footings.
Answer: A
Q3) The business incurred an expense and paid it immediately. To record this:
A)an expense is debited and a liability is credited.
B)an expense is debited and an asset is credited.
C)an expense is debited and Capital is credited.
D)None of these are correct.
Answer: B
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Beginning the Accounting Cycle
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70144
Sample Questions
Q1) Business transactions are first recorded in the:
A)ledger.
B)journal.
C)trial balance.
D)balance sheet.
Answer: B
Q2) Transactions are listed in chronological order in the journal.
A)True
B)False
Answer: True
Q3) To correct an error made in the journal (prior to posting in the ledger):
A)erase the error and write the correct entry.
B)line out the incorrect portion of the entry and write in the correction.
C)ignore the error, it will correct itself in the next accounting period.
D)write a new journal entry correcting the original entry.
Answer: B
Q4) A journal is called the book of final entry.
A)True
B)False
Answer: False
Page 5
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: The Accounting Cycle Continued
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70143
Sample Questions
Q1) Which of the following accounts would appear on the Income Statement?
A)Accumulated Depreciation
B)Rent Expense
C)Equipment
D)Cash
Q2) If the balance of supplies at the start of the month was $900 and at the end of the month you had $450 on hand, the adjustment for Supplies would be:
A)$450.
B)$550.
C)$350.
D)$900.
Q3) What are the differences between depreciation expense and accumulated depreciation?
Q4) Logan's Snowboards estimated depreciation for office equipment at $250. The adjusting entry to record the depreciation would include:
A)a debit to Accumulated Depreciation for $250.
B)a credit to Depreciation Expense for $250.
C)a credit to Accumulated Depreciation for $250.
D)a credit to Office Equipment for $250.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: The Accounting Cycle Completed
Available Study Resources on Quizplus for this Chatper
120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/70142
Sample Questions
Q1) The entry to close the Fees Earned account would cause:
A)the Capital account balance to increase.
B)the Capital account balance to decrease.
C)the Fees Earned account to decrease.
D)None of these are correct.
Q2) There are 7 closing entries.
A)True
B)False
Q3) Real accounts are those accounts with balances that are brought forward to the next accounting period.
A)True
B)False
Q4) The Income Summary account shows debits of $19,000 and credits of $10,000. This results in a:
A)net income of $29,000.
B)net loss of $29,000.
C)net income of $9,000.
D)net loss of $9,000.
Q5) Why will the Income Summary account never appear on a financial statement?
Page 7
Q6) What are the major goals of the closing process?
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Banking Procedure and Control of Cash
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70141
Sample Questions
Q1) Vanessa's Gymnastics' cash register tapes do not agree with cash receipts. The facts are: total cash register tapes $400; total coins and currency $404. The summary journal entry to record the day's transactions would include a:
A)$400 debit to Cash; $4 debit to Cash Short/Over; and $404 credit to Sales.
B)$404 debit to Cash; $4 credit to Cash Short/Over; and $400 credit to Sales.
C)$404 debit to Cash and $404 credit to Sales.
D)$400 debit to Cash and $400 credit to Sales.
Q2) A payment for $25 is incorrectly recorded on the checkbook stub as $52. The $27 error should be shown on the bank reconciliation as:
A)added to the balance per bank statement.
B)deducted from the balance per bank statement.
C)added to the balance per books.
D)deducted from the balance per books.
Q3) A $50 petty cash fund has cash of $20 and valid receipts for $40. The entry to replenish the fund would include a:
A)credit to Cash for $30.
B)credit to Cash for $40.
C)credit to Petty Cash for $30.
D)debit to Petty Cash for $40.
To view all questions and flashcards with answers, click on the resource link above.
Page 8
Chapter 7: Calculating Pay and Payroll Taxes: The
Beginning of the Payroll Process
Available Study Resources on Quizplus for this Chatper
127 Verified Questions
127 Flashcards
Source URL: https://quizplus.com/quiz/70140
Sample Questions
Q1) An employee has gross earnings of $1,000 with withholdings of 6.2% FICA-OASDI, 1.45% FICA-Medicare, $50 for federal income tax and $10 for state income tax. How much is the net pay?
A)$900.00
B)$781.15
C)$863.50
D)$791.15
Q2) A pay period is defined as:
A)weekly.
B)bi-weekly.
C)monthly.
D)All of the above are correct.
Q3) The amount withheld for FICA is based on the W-4 form.
A)True
B)False
Q4) An employer can reduce the federal unemployment tax rate by paying the state unemployment tax on time.
A)True
B)False
Page 9
Q5) What is the purpose of the Fair Labor Standards Act?
To view all questions and flashcards with answers, click on the resource link above.
Chapter 8: Paying, Recording, and Reporting Payroll and Payroll Taxes: the Conclusion of the Payroll Process
Available Study Resources on Quizplus for this Chatper
120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/70139
Sample Questions
Q1) The W-3 is also known as the Transmittal of Income and Tax Statement.
A)True
B)False
Q2) The debit amount to Payroll Tax Expense represents:
A)the employer's portion of the payroll taxes.
B)the employees' portion of the payroll taxes.
C)the employer's and employees' portion of the payroll taxes.
D)None of the above are correct.
Q3) Compute the employees' FICA-OASDI. ________
Q4) A banking day is any day that the bank is open to the public for business. A)True
B)False
Q5) Payroll Cash is a(n):
A)revenue.
B)liability.
C)asset.
D)expense.
Q6) Compute the total state income tax. ________
Q7) Compute the total overtime earnings. ________
Q8) Compute the total regular earnings. ________ Page 10
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 9: Sales and Cash Receipts
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70138
Sample Questions
Q1) The Sales Returns and Allowances account is contra-revenue.
A)True
B)False
Q2) Sales Discounts and Sales Returns and Allowances are expense accounts.
A)True
B)False
Q3) A record showing the activity and the balances owed by each customer is called the:
A)general ledger.
B)sales journal.
C)cash receipts journal.
D)accounts receivable subsidiary ledger.
Q4) Every controlling account must have its own:
A)revenue ledger.
B)general ledger.
C)subsidiary ledger.
D)general journal.
Q5) Define and compare the accounts receivable subsidiary ledger with the controlling account, Accounts Receivable.
Page 12
Q6) Compare and discuss a discount period versus a credit period.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 10: Purchases and Cash Payments
Available Study Resources on Quizplus for this Chatper
122 Verified Questions
122 Flashcards
Source URL: https://quizplus.com/quiz/70161
Sample Questions
Q1) Returned merchandise under the periodic inventory method. This will be recorded with:
A)a debit to Accounts Payable and a credit to Purchases Returns and Allowances.
B)a debit to Merchandise Inventory and a credit to Purchases.
C)a credit to Accounts Payable and a debit to Merchandise Inventory.
D)a debit to Accounts Payable and a credit to Merchandise Inventory.
Q2) A purchase discount was recorded as a credit to the Purchases account and a debit to Accounts Payable. This error will cause:
A)net income to be overstated.
B)net income to be understated.
C)net income to not be affected.
D)total assets to be overstated.
Q3) The Schedule of Accounts Payable is listed alphabetically.
A)True B)False
Q4) Purchases is a(n):
A)cost.
B)asset.
C)liability.
D)revenue.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 11: Preparing a Worksheet for a Merchandise Company
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70160
Sample Questions
Q1) Indicate the financial statement(s)on which you would find the following items:
a)Cost of goods sold
b)Freight-In
c)Ending Inventory
d)Beginning Inventory
e)Sales Discount
Q2) The perpetual inventory method is:
A)used by companies with a variety of merchandise with low unit prices.
B)used by companies with high amounts of inventory.
C)not used by many companies today.
D)does not ever require a physical inventory.
Q3) Which inventory appears in the balance sheet column of the worksheet?
A)Ending inventory
B)Beginning inventory
C)Combination of beginning and ending inventories
D)Inventory does not appear on the balance sheet.
Q4) Sales Discount is used when calculating Net Purchases.
A)True
B)False
14
Q5) Discuss the reasons a company would consider using a periodic inventory system.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 12: Completion of the Accounting Cycle for a Merchandise Company
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70159
Sample Questions
Q1) A company paid next month's rent in advance. This would be classified as a(n):
A)current asset.
B)Expense.
C)Revenue.
D)current liability.
Q2) Net Sales are:
A)Gross Sales + Sales Discounts + Sales Returns and Allowances.
B)Gross Sales - Sales Discounts - Sales Returns and Allowances.
C)Revenue - Sales Discounts + Sales Returns and Allowances.
D)Gross Sales + Sales Discounts - Sales Returns and Allowances.
Q3) The left and right columns on the financial statements are used for debits and credits.
A)True
B)False
Q4) The general ledger balances are used to prepare the post-closing trial balance.
A)True
B)False
Q5) All adjusting entries can be reversed.
A)True
B)False
Page 15
To view all questions and flashcards with answers, click on the resource link above.
Chapter 13: Accounting for Bad Debts
Available Study Resources on Quizplus for this Chatper
121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/70158
Sample Questions
Q1) Bad Debts Expense is:
A)included in Cost of Goods Sold.
B)considered an expense matched with revenues.
C)listed on the balance sheet.
D)not an operating expense.
Q2) The adjustment for bad debts using the percentage of receivables ignored the debit balance in the Allowance account. This error would cause:
A)total assets to be overstated.
B)total liabilities to be understated.
C)net income to be understated.
D)None of these are correct.
Q3) After aging the receivables, Tim's Toys estimates that $900 will not be collected and the allowance account has a debit balance of $325. The adjusting entry would be for:
A)$575.
B)$900.
C)$1,225.
D)$325.
Q4) Wrote off an account using the allowance method. Debit account ________ Credit account ________
To view all questions and flashcards with answers, click on the resource link above. Page 16
Chapter 14: Notes Receivable and Notes Payable
Available Study Resources on Quizplus for this Chatper
132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/70157
Sample Questions
Q1) Smyth Company borrows $5,000 by giving the bank its own 8%, 90-day note. The bank discounts the interest. The effective interest rate is
A)7.84%.
B)8.00%.
C)8.16%.
D)8.84%.
Q2) The maturity value of a $3,000, 12%, 6-month note is:
A)$360.
B)$3,600.
C)$3,000.
D)$3,180.
Q3) The formula for calculating interest on a note is: principal x rate x time. A)True B)False
Q4) A written promise to pay a certain sum of money to another person or company is a:
A)Promissory Accounts Payable.
B)Promissory Note Payable.
C)Promissory Accounts Receivable.
D)Promissory Note Receivable.
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 15: Accounting for Merchandise Inventory
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/70156
Sample Questions
Q1) The weighted-average method:
A)calculates an average unit cost by dividing the total cost of goods sold by the total units sold.
B)calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
C)calculates an average unit cost by adding the total cost of goods available for sale to the total units of goods available for sale.
D)None of these answers are correct.
Q2) Under the perpetual system, the purchase of merchandise is recorded by a:
A)debit to Merchandise Inventory; credit to Accounts Payable or Cash.
B)debit to Cost of Goods Sold; credit to Accounts Payable.
C)debit to Purchases; credit to Accounts Payable.
D)debit to Accounts Payable; credit to Purchases.
Q3) Merchandise Inventory is an expense account.
A)True
B)False
Q4) Paid for merchandise after the discount period expired. - Periodic Debit ________ & ________ Credit ________ & ________
Q5) Under the perpetual inventory method, purchase returns are credited to ________.
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 16: Accounting for Property, Plant, Equipment, and Intangible Assets
Available Study Resources on Quizplus for this Chatper
147 Verified Questions
147 Flashcards
Source URL: https://quizplus.com/quiz/70155
Sample Questions
Q1) Ken Applegate owned equipment with an original cost of $30,000 with $20,000 of accumulated depreciation. The equipment was traded in on new equipment costing $50,000 with a trade-in allowance of $8,000 and the balance in cash. Determine the following.
a. The book value of the old machine was ________.
b. The loss on the exchange was ________.
c. The cost basis on the books for the new machine, assuming accounting rules, is ________.
Q2) Jason Moore purchased computer equipment for $2,800 on January 1, 2012. It has a residual value of $400 with a useful life of 4 years. After the appropriate adjusting entries have been made, the balance in Accumulated Depreciation account for this asset on January 1, 2014, under the straight-line method, should be:
A)$1,200.
B)$600.
C)$700.
D)$1,400.
Q3) Under MACRS, furniture is depreciated over five years.
A)True
B)False
Page 19
To view all questions and flashcards with answers, click on the resource link above.
Chapter 17: Partnership
Available Study Resources on Quizplus for this Chatper
130 Verified Questions
130 Flashcards
Source URL: https://quizplus.com/quiz/70154
Sample Questions
Q1) In comparison with the proprietorship form of business organization, forming a partnership offers which of the following advantages?
A)Limited life
B)Legal liability of each partner for all of the debts
C)Combination of ability and experience of the partners
D)Simple transfer of interest in the partnership to outsiders
Q2) Applying the profit and loss ratio method, compute Taylor and Timmy's share of net income if Taylor invested $200,000 and Timmy invested $800,000 and the profit and loss ratio is 3:2. Net income was $75,000.
A)Taylor, $15,000; Timmy, $60,000
B)Taylor, $37,500; Timmy, $37,500
C)Taylor, $45,000; Timmy, $30,000
D)None of these answers is correct.
Q3) The Securities and Exchange Commission Act defines a partnership as "an association of two or more persons to carry on as co-owners of a business for profit."
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 20
Chapter 18: Corporations: Organizations and Stock
Available Study Resources on Quizplus for this Chatper
124 Verified Questions
124 Flashcards
Source URL: https://quizplus.com/quiz/70153
Sample Questions
Q1) Alpha-Omega Industries has 30,000 shares of $12 par common stock and 15,000 shares of $50 par, 5% preferred stock outstanding. Total dividends available are $162,000. Compute the dividends to be distributed to preferred and common stockholders under the following condition.
The preferred stock is nonparticipating and non-cumulative with no dividends distributed last year.
Q2) Officers of the corporation are:
A)appointed by the stockholders.
B)stockholders of the corporation.
C)appointed by the board of directors.
D)None of these answers are correct.
Q3) If stock shares are sold at more than their par value, the excess money is called: A)earnings.
B)paid-in capital in excess of par.
C)gain on issue of stock.
D)discount on issue of stock.
Q4) Sold common stock at a price equal to the par value.
Debit ________ & ________ & ________ Credit ________ & ________ &
Q5) Describe a stock subscription plan.
To view all questions and flashcards with answers, click on the resource link above. Page 21
Chapter 19: Corporations: Stock Values, Dividends, Treasury
Stocks, and Retained Earnings
Available Study Resources on Quizplus for this Chatper
123 Verified Questions
123 Flashcards
Source URL: https://quizplus.com/quiz/70152
Sample Questions
Q1) Farm and Supply reissued 100 shares of treasury stock at $20 that had been reacquired for $15 per share. What is the entry?
A)Debit Cash $2,000; credit Treasury Stock-Common $1,500, Paid-In Capital from Treasury Stock $500
B)Debit Cash $2,000; credit Treasury Stock-Common $2,000
C)Debit Cash $1,500; Paid-In Capital from Treasury Stock $500, credit Treasury Stock-Common $2,000
D)None of these answers are correct.
Q2) The price a corporation pays when it reserves the right to retire or redeem stock at a specific price is the:
A)redemption value.
B)book value per share.
C)dividend per share.
D)market value.
Q3) Most companies report restrictions by using a footnote to the Retained Earnings account.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 22
Chapter 20: Corporations and Bonds Payable
Available Study Resources on Quizplus for this Chatper
138 Verified Questions
138 Flashcards
Source URL: https://quizplus.com/quiz/70150
Sample Questions
Q1) A discount amortization does not affect the amount of cash paid for bond interest
A)True
B)False
Q2) If a bond is issued at a premium, the effective interest rate is most likely ________ the contract interest rate.
A)higher than B)lower than C)the same as
D)Cannot be determined based on information given.
Q3) To determine the interest payment on a bond, multiply the ________ value times the ________ interest rate.
Q4) When interest payments are made on a discounted bond, a portion of the discount is:
A)depreciated.
B)depleted.
C)amortized.
D)transferred to reduce the interest expense.
Q5) What is the difference between a secured bond and a debenture bond?
Q6) A premium bond's ________ decreases over time until it reaches face value.
To view all questions and flashcards with answers, click on the resource link above. Page 23
Chapter 21: Statement of Cash Flows
Available Study Resources on Quizplus for this Chatper
123 Verified Questions
123 Flashcards
Source URL: https://quizplus.com/quiz/70149
Sample Questions
Q1) The statement of cash flows provides information about all of the following except:
A)organizing activities.
B)investing activities.
C)operating activities.
D)financing activities.
Q2) The purpose of a cash flow statement is to show the inflows and outflows of cash.
A)True
B)False
Q3) A business issues 10-year bonds payable in exchange for common stock. This transaction would be reported on the statement of cash flows in:
A)operating activities.
B)financing activities.
C)investing activities.
D)a separate schedule.
Q4) An example of operating activities is the payment of dividends. A)True
B)False
Q5) Discuss the purpose of a statement of cash flows, and describe its components.
To view all questions and flashcards with answers, click on the resource link above. Page 24
Chapter 22: Analyzing Financial Statements
Available Study Resources on Quizplus for this Chatper
124 Verified Questions
124 Flashcards
Source URL: https://quizplus.com/quiz/70148
Sample Questions
Q1) Comparative reports in which each item is expressed as a percentage of a base amount without dollar amounts are called:
A)comparative financial statements.
B)common-size statements.
C)cash flow analysis.
D)horizontal analysis.
Q2) What was the percentage of decrease in the Accounts Receivable account if the receivables were $80,000 in Year 1, and $60,000 in Year 2?
A)(25%)
B)33.33%
C)(33.33%)
D)25%
Q3) The income before taxes and interest expense of Barry Builders for the year just ended is $230,000. Their interest expense is $20,000 and their income taxes are $80,500. The number of times interest would be earned is:
A)22.0.
B)10.5.
C)11.5.
D)0.5.
To view all questions and flashcards with answers, click on the resource link above.
25
Chapter 23: The Voucher System
Available Study Resources on Quizplus for this Chatper
133 Verified Questions
133 Flashcards
Source URL: https://quizplus.com/quiz/70147
Sample Questions
Q1) If a purchase return or allowance occurs after the posting of the original voucher, the original voucher is cancelled.
A)True
B)False
Q2) The entry to record the incurrence of an expense will include:
A)a debit to Capital and a credit to Cash.
B)a debit to the expense and a credit to Vouchers Payable.
C)a debit to the expense and a credit to Accounts Payable.
D)a debit to Vouchers Payable and a credit to the expense.
Q3) All paid vouchers may be filed in the paid voucher file according to:
A)check number.
B)date of payment.
C)voucher number.
D)invoice date.
Q4) The Discount Lost account is used when the gross method is used for recording invoices.
A)True
B)False
Q5) Separation of duties in a voucher system leads to a more effective ________ for the management of cash payments.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 24: Departmental Accounting
Available Study Resources on Quizplus for this Chatper
120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/70146
Sample Questions
Q1) In a department store, the men's clothing section would be a(n):
A)profit center.
B)direct expense.
C)cost center.
D)indirect expense.
Q2) When a department showing a loss is eliminated, other departments will always achieve a greater contribution margin.
A)True
B)False
Q3) Indirect expenses are normally:
A)subjective and approximate.
B)assigned by arbitrary methods.
C)assigned precisely by accepted methods.
D)overlooked.
Q4) The difference between a department's gross profit and its operating expenses is known as the:
A)departmental operating margin.
B)departmental operating cost.
C)departmental operating income.
D)departmental gross profit.
Page 27
To view all questions and flashcards with answers, click on the resource link above.
Chapter 25: Manufacturing Accounting
Available Study Resources on Quizplus for this Chatper
126 Verified Questions
126 Flashcards
Source URL: https://quizplus.com/quiz/70145
Sample Questions
Q1) Factory Supplies Expense, Depreciation Expense-Factory, and Heat, Light, and Power-Factory appear on which section of the worksheet?
A)Statement of cost of goods manufactured
B)Balance sheet
C)Income statement
D)Statement of cost of goods sold.
Q2) The second step in determining total manufacturing costs is to calculate:
A)the raw material cost for the month.
B)the direct labor cost for the month.
C)factory overhead cost for the month.
D)None of these answers are correct.
Q3) A document that is prepared to show how items have been shipped to customers is a:
A)receiving report.
B)bill of lading.
C)lot tickets.
D)clock card.
Q4) The bill of lading shows the cost of materials put into raw materials inventory.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 28