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entries in an interlocking system

Forums › FIA Forums › MA1 Management Information Forums › entries in an interlocking system

  • This topic has 0 replies, 1 voice, and was last updated 11 years ago by mansoor.
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  • March 7, 2014 at 4:59 pm #161736
    mansoor
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    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    Hi i have an unrelated question from this post. its on interlocking system.

    In an interlocking system have i noted the correct entries:

    purchase;

    material control dr
    cost control cr

    sales

    cost control dr
    material control cr

    ——————————

    cost control account is in the cost ledger account
    material control account is also in the cost ledger account

    are the above correct?

    my ma1 exam is on the 21st …..please help

    regards

    mansoor

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