When stores are issued for maintenance, the accounting entry is to _______ production overheads and _______ stores ledger control account.

CS Executive · Cost and Management Accounting · PYQS · December 2015
When stores are issued for maintenance, the accounting entry is to _______ production overheads and _______ stores ledger control account.
(A) Debit; credit
(B) Credit; debit
(C) Deduct; add
(D) Divide; multiply.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Material Costing

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