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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › material control account
Hello Mr.moffat will please explain to me how material control account is posted please give me an example of how those problem are solved
You debit the materials account with the materials purchased.
You credit the materials account and debit the process account with the material used in production.
However, you cannot possibly be asked to actually prepare a materials control account in the exam (and the chances of even being expected to know the entries is extremely unlikely – it is not that sort of exam).