Home » Costing » Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as
chaining point
recording point
lead point
trigger point
Answer is Right!
Answer is Wrong!
The correct answer is: B. recording point
A recording point is the stage in the manufacturing cycle at which journal entries are made in a system of accountancy. This
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is the point at which the costs of production are recorded and the value of the finished goods is determined.
The other options are incorrect because:
- A chaining point is a point in the manufacturing cycle at which two or more processes are linked together.
- A lead point is a point in the manufacturing cycle at which a decision is made about whether to continue with production or to stop.
- A trigger point is a point in the manufacturing cycle at which a process is activated.