The Journal Entry Needed to Record the Receipt of a Factory

question 326

Multiple Choice

The journal entry needed to record the receipt of a factory utility bill would include a

• A)debit to Manufacturing Overhead account.
• B)credit to Manufacturing Overhead account.
• C)debit to Accounts Payable account.
• D)debit to Utilities Payable account.

---

Definitions:

Evaluation

The systematic process of assessing the value, importance, or effectiveness of something through analysis and comparison of data.

Concomitant Variation

A phenomenon where changes in one variable are associated with changes in another variable, suggesting a possible correlation or causal relationship.

Causality

The relationship between cause and effect, where one event (the cause) brings about another event (the effect).

Transition

The process or period of changing from one state or condition to another.