Accounting · Cost Accounting
A materials control account is shown below with entries numbered 1 to 4: Dr side: Entry 1 - Payables; Entry 3 - Work-in-progress control Cr side: Entry 2 - Work-in-progress control; Entry 4 - Payables Which entry on the credit side of the materials control account records the issue of direct materials to production from stores?
- 1Entry 4
- 2Entry 3✓
- 3Entry 2
- 4Entry 1
Correct answer
Entry 3
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