Which of the Following Entries Is Used to Record Direct

question 142

Multiple Choice

Which of the following entries is used to record direct materials purchased and used in production during a month in the Assembly department,before transferring the goods to Testing department?

• A) Work in Process-Assembly
• Wages Payable Control
• B) Accounts Payable Control
• Work in Process-Assembly
• C) Work in Process-Assembly
• Accounts Payable Control
• D) Accounts Payable Control
• Cash

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Definitions:

Setbacks

Unforeseen events or challenges that slow progress or cause plans to be revised.

Equity Financing

Raising capital through the sale of shares in a company, thus providing investors with part ownership in exchange for funds.

Entrepreneur

An individual who identifies a business opportunity and organizes, operates, and assumes the risk for a business venture, with the aim of making a profit.

Little Money

A term indicating a small amount of financial resources or capital.