Which of the following is a characteristic of a lean accounting system?
A)fewer work in process account transactions
B)work in process and raw materials accounts combined
C)elimination of the direct labor account
D)all of these choices

Question

Quizplus · Accepted Answer

Lean accounting systems aim to simplify and streamline accounting processes. This includes reducing the number of transactions in work in process accounts, combining accounts where practical (such as work in process and raw materials), and eliminating accounts that do not add value or are not necessary for the lean process, such as the direct labor account. All these choices reflect characteristics of a lean accounting system.

Which of the Following Is a Characteristic of a Lean