The Entry to Recognize the Completion and Transfer of a Job

question 72

Multiple Choice

The entry to recognize the completion and transfer of a job so that it can be placed in stock would include

• A) debiting Finished Goods and crediting Cost of Goods Sold.
• B) debiting Finished Goods and crediting Work in Process.
• C) debiting Work in Process and crediting Cost of Goods Sold.
• D) debiting Work in Process and crediting Finished Goods.

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Definitions:

Organic Compound

An organic compound is a chemical compound containing carbon atoms bonded together in chains or rings along with other elements such as hydrogen, oxygen, and nitrogen, among others.

Triacylglycerols

Lipid molecules made up of three fatty acids linked to a glycerol molecule, commonly known as triglycerides and stored in fat cells as energy reserves.

Structural Component

A fundamental part or element of something that contributes to its construction or organization, essential for stability and function.

Plant Cells

Basic units of life in plants, typically having a cell wall, chloroplasts, and a central vacuole.