XYZ operates an integrated accounting system The material control account at 31 March shows the following information The $125 000 credit entry represents the value of the transfer to the (a) cost of sales account (b) finished goods account (c) profit and loss account (qd) work in progress account ...

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XYZ operates an integrated accounting system. The material control account at 31 March shows the following information:

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XYZ operates an integrated accounting system. The material control account at 31 March shows the following information:

image text in transcribed

The $125 000 credit entry represents the value of the transfer to the

(a) cost of sales account;

(b) finished goods account;

(c) profit and loss account;
(qd) work in progress account.
(2 marks)
CIMA: Fundamentals of Management Accounting

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Cost And Management Accounting

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9th Edition

Authors: Colin Drury

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Question Posted: Jun 24, 2024 02:05 AM

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XYZ operates an integrated accounting system. The material control account at 31 March shows the following information:

Question:

Material control account ($) Balance b/d 50000 Production overhead control account 10000 Creditors 100000 ? 125000 Bank 25000 Balance c/d 40000 175000 175000

Step by Step Answer:

Cost And Management Accounting

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