The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as _________?
Correct answer: D. trigger point
- A. chaining point
- B. recording point
- C. lead point
- D. trigger point
Explanation
A trigger point is the stage in the manufacturing cycle that initiates the relevant accounting journal entries. It connects a production event with its accounting treatment.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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