The Tallahassee startup needs to establish this accounting process: job-cost chart of accounts. Which startup control is most relevant?
Correct Answer
C) accounting system setup
Accounting setup should define chart of accounts, invoice controls, and payables workflow before routine operations begin.
Why This Is the Correct Answer
Accounting setup should define chart of accounts, invoice controls, and payables workflow before routine operations begin.
Why the Other Options Are Wrong
Option A: vehicle title file office launch checklist
vehicle title file office launch checklist addresses a neighboring field issue, but not the condition or method control required for the field-method choice.
Option B: workers comp claim bonding support file
workers comp claim bonding support file addresses a neighboring field issue, but not the condition or method control required for the field-method choice.
Option D: owner-builder disclosure entity compliance record
owner-builder disclosure entity compliance record addresses a neighboring field issue, but not the condition or method control required for the field-method choice.
Memory Technique
The field condition asks; field-method choice answers in work boots for Bookkeeper Sets.
Reference Hint
Open-book path: tab Builder's Guide to Accounting, 2001 to Builder's Guide to Accounting, Accounting system and internal-control setup; verify the startup duty, registration, or financial setup before answering.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?