A new Tamarac project is being entered in the accounting system. Which record should capture the job number and cost-code opening?
Correct Answer
C) project setup form
Project setup records should capture accounting, billing, notice, and customer information before transactions post.
Why This Is the Correct Answer
Project setup records should capture accounting, billing, notice, and customer information before transactions post.
Why the Other Options Are Wrong
Option A: fleet gas receipt
fleet gas receipt puts the item in the wrong financial bucket, timing, base, or comparison for project setup.
Option B: old bank statement
old bank statement puts the item in the wrong financial bucket, timing, base, or comparison for project setup.
Option D: claim photo log
claim photo log puts the item in the wrong financial bucket, timing, base, or comparison for project setup.
Memory Technique
Financial Classification ledger for Accountant Opens: put records in the right drawer.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Project Setup Records; use the stated business record or control rule to verify the answer.
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