[Solved] Under integrated system of Accounting , purchase of raw material is debited to which account?

McqMate

Q.	Under integrated system of Accounting , purchase of raw material is debited to which account?
A.	work in progress control account
B.	none of the above
C.	stores ledger control account/raw material control account
D.	purchase account
Answer» C. stores ledger control account/raw material control account

3.2k

0

Do you find this helpful?

33

View all MCQs in

Cost Accounting

Discussion

No comments yet

Related MCQs

Under integrated system of Accounting , issue of raw material is debited to which account?
In Entry under Integrated System for Cash purchase of materials for stock, ____________ account is debited.
In Entry under Integrated System for Cash purchase of Special Materials for direct use in a Job, ____________ account is debited.
Purchase of raw materials of Rs. 1,000 on credit. Under Integrated Accounts, the transaction will appear as
In Entry under Integrated System for Credit purchase of material for stock, Stores Ledger Control is ____________.
In an integrated accounting system the accounting entries for factory overhead absorbed would be :
Entry under Integrated System for : Credit purchase of materials for stock
Entry under Integrated System for : Cash purchase of materials for stock
Entry under Integrated System for : Cash purchase of special materials for direct use in a job
What accounting entry under integrated system will be passed for payment to creditors for supplies made?