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Number the Following Types of Accounts (1-6)as They Would Appear

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Essay

Number the following types of accounts (1-6)as they would appear on the Trial Balance.
 Assets  Capital Revenue  Liabilities Withdrawals  Expenses \begin{array}{llcc} \underline{\quad\quad}& \text { Assets } \\ \underline{\quad\quad}&\text { Capital } \\\underline{\quad\quad}& \text {Revenue } \\ \underline{\quad\quad}&\text { Liabilities} \\\underline{\quad\quad}& \text { Withdrawals } \\ \underline{\quad\quad}&\text { Expenses } \\\end{array}




Definitions:

Direct Labor Cost

The total expense of employing workers who are directly involved in the production of goods, including wages and salaries.

Machine-hours

A measure of the total run time of machines in the manufacturing process, often used for costing purposes.

Overapplied Overhead

Overapplied overhead occurs when the allocated manufacturing overhead costs in an accounting period are less than the actual overhead costs incurred.

Job-order Costing

A cost accounting system that assigns costs to specific production batches or jobs.

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