1. What is the relationship between the job cost sheet and the work in process inventory account?
2. There are three inventory control accounts in a job order system. Identify the control accounts and their subsidiary ledgers.
3. Many of you want to operate a small business... In order to operate your business, you will need a good understanding of managerial accounting, as well as many other skills. Much information is available to assist people who are interested in starting a new business. A great place to start is the website provided by the Small Business Administration, which is an agency of the federal government whose purpose is to support small businesses. Go to the Small Business Administration website, search Is entrepreneurship for you,. What are some of the characteristics required of a small business owner?