which of the following is an accounting record A.bills of material B. Bin card C. storage legitimacy D. all of the above
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C. Storage legitimacy
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D. all of the above are accounting records.
Accounting record:
- Accounting records are any supporting papers, such as checks and invoices, as well as records of assets and liabilities, financial transactions, ledgers, and journals.
- An accounting transaction is a commercial occurrence that affects a company's financial statements financially.
- It is noted in the company's accounting records.
Bill of materials:
- A list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, pieces, and the amounts of each are included in a bill of materials, also known as a product structure.
- A BOM may be restricted to a single manufacturing facility or utilized for communication between manufacturing partners.
Bin card:
- Bin cards are record-keeping tools used in retail and other industries that need a stock room. They are also known as inventory cards or stock cards.
- They maintain a running inventory balance for a company.
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