Which of the following results in fewer transactions in lean accounting?
A)All manufacturing costs are combined into one account called Raw and In Process Inventory.
B)The distinction between direct and indirect costs is eliminated.
C)There is less movement of inventory between departments.
D)all of these choices

Question

Quizplus · Accepted Answer

Lean accounting aims to simplify and streamline accounting practices in line with lean manufacturing principles. Combining manufacturing costs into one account, eliminating the distinction between direct and indirect costs, and reducing inventory movement all contribute to fewer transactions, making accounting processes more efficient.

Which of the Following Results in Fewer Transactions in Lean