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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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Section
BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

What document is the source for (a) debiting the accounts in the materials ledger and (b) crediting the accounts in the materials ledger?

(a)

To determine

To state: the document is the source for debiting the accounts in materials ledger.

Explanation

The purchase invoice or receiving report is used as source for making debit entries in materials ledger. A receiving report is prepared by the manufacturing concern when the mater...

(b)

To determine

To state: the document is the source for crediting the accounts in materials ledger.

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