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Paraphin [41]
2 years ago
13

When raw materials are purchased on account for use in a process costing system, the corresponding journal entry that should be

recorded will include:________
Business
1 answer:
anastassius [24]2 years ago
4 0

When raw materials are purchased on account for use in a process costing system, the corresponding journal entry that should be recorded will include <u>A debit to the Work in Process Inventory</u>.

An easy journal entry is accounting access in which simply one account is debited and one is credited. using easy magazine entries is encouraged as a pleasant exercise since it's far easier to apprehend these entries.

In a nutshell: debits (dr) record all the money flowing into an account, whilst credits (cr) report all the cash flowing out of an account.

A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that indicates an organization's debit and credit balances. The journal entry can consist of several recordings, every of that is either a debit or a credit score.

Learn  more about journal entry here brainly.com/question/24696035

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