Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

When the amount of overapplied factory overhead is significant, the entry to close overapplied factory overhead will most likely require

A. A debit to cost of goods sold.

B. Debits to cost of goods sold, finished goods inventory, and work-in-process inventory.

C. A credit to cost of goods sold.

D. Credits to cost of goods sold, finished goods inventory, and work-in-process inventory.

user-image
Question ajoutée par Utilisateur supprimé
Date de publication: 2015/02/20
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option D  >>>>>>>>>>>>>>>>>>>  Credits to cost of goods sold, finished goods inventory, and work-in-process inventor

Ahmed Abdi Mahad
par Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

choice D, is the answer for your question. Thanks

Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

I think I must opt C

When overheads are  over applied, generally we debit manufacturing overheads and credit the cost of goods sold

 

More Questions Like This

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?