Acompany operates an integrated cost and financial accounting system. The accounting entries for the return of unused
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Acompany operates an integrated cost and financial accounting system. The accounting entries for the return of unused direct materials from production would be:
(a) DR Work in progress account; CR Stores control account.
(b) DR Stores control account; CR Work in progress account.
(c) DR Stores control account; CR Finished goods account.
(d) DR Cost of sales account; CR Work in progress account.
(2 marks)
CIMA Stage 1
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