Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your company's trading account had a total amount of R 681500 on 31 May 2022; of this amount R 256500 was from the profit and

image text in transcribed
Your company's trading account had a total amount of R 681500 on 31 May 2022; of this amount R 256500 was from the profit and loss account; where was the balance of R425000 from? The direct material account The cost of sales account The direct labour account The manufacturing overhead account Question 31 1 pts Your company's trading account had a debit total amount of R 681500 on 31 May 2022; to complete the double entry you will need to credit this total to which of the following accounts? The sales account The direct material account The manufacturing overhead account The cost of sales account Your company's trading account had a total amount of R 681500 on 31 May 2022; of this amount R 256500 was from the profit and loss account; where was the balance of R425000 from? The direct material account The cost of sales account The direct labour account The manufacturing overhead account Question 31 1 pts Your company's trading account had a debit total amount of R 681500 on 31 May 2022; to complete the double entry you will need to credit this total to which of the following accounts? The sales account The direct material account The manufacturing overhead account The cost of sales account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Disruption In The Audit Market

Authors: Krish Bhaskar, John Flower

1st Edition

0367220660, 978-0367220662

More Books

Students also viewed these Accounting questions

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago