The 'lean' accounting approach applies to manufacturing entities and is not appropriate for service entities.

Name: The 'lean' accounting approach applies to manufacturing entities and is not appropriate for service entities.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Lean accounting principles can be applied to both manufacturing and service entities as they focus on reducing waste, improving process efficiency, and providing value to customers, which are relevant to any type of organization.

The 'Lean' Accounting Approach Applies to Manufacturing Entities and Is