Post Utme Babcock University 2017 Accounting Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's manufacturing account shows the following balances:

Answer Options

Correct Answer A. Debit Work-in-Progress 10,000 and Credit Cost of Goods Sold 10,000
B. Debit Cost of Goods Sold 10,000 and Credit Work-in-Progress 10,000
C. Debit Direct Materials 10,000 and Credit Direct Labor 10,000
D. Debit Direct Labor 10,000 and Credit Direct Materials 10,000
Correct Answer
A
Correct Option:
Debit Work-in-Progress 10,000 and Credit Cost of Goods Sold 10,000

About This Question

This is Post Utme Babcock University 2017 Accounting Question 22. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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