Recording transactions to control accounts in a costing system are made
A)monthly.
B)daily.
C)annually.
D)semi-annually.

Question

Quizplus · Accepted Answer

Recording transactions to control accounts in a costing system should be made monthly. This ensures that the data is up-to-date and the costing system accurately reflects the current state of the organization's financial position. Daily recording would be too frequent and time-consuming, while annually or semi-annually would not provide enough detail for accurate cost analysis.

Recording Transactions to Control Accounts in a Costing System Are