The only difference between a job order costing system and a process costing system is...

50.1K

Verified Solution

Question

Accounting

The only difference between a job order costing system and a process costing system is that work in process is accounted for by individual job in a job order costing system, and by individual process in a process costing sytem. All the other cost flow accounts are the same for both.
True or False
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students