Accountancy, asked by bcakhilsree8497, 4 months ago

The journal entry to record the use of direct material on jobs is to debit work in progress inventory and credit

Answers

Answered by pritinitinjoy
1

Explanation:

The Journal entries mentioned above show that when Raw Materials are purchased on credit, the Raw Material Inventory Account is debited, and Accounts Payable is credited. ... Finally, upon completion, the Finished Goods Inventory is debited, and the Work in Progress Inventory is debited.

Similar questions