Solve this plzzzz

This topic has 3 replies, 3 voices, and was last updated 13 years ago by Sangria9.

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June 12, 2012 at 4:19 pm #53376
arvind0708
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42 Which of the following is not a correct part of the process of accounting for
manufacturing overheads?
A Selling overheads are debited to the selling overheads account
B Absorbed production overheads are debited to the production overheads
account
C Any under-absorbed overheads are transferred to the income statement at the
end of the accounting period
D Material costs are debited in the work-in-progress account.
June 14, 2012 at 11:21 am #100273
arslan9898
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i think a
June 14, 2012 at 11:21 am #100274
arslan9898
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i think a but not sure.
June 20, 2012 at 2:45 pm #100275
Sangria9
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I think a is correct. If we have selling overheads, we can debit selling overheads a/c.
I think the answer is B.
If we have production overheads, we can debit Production overheads a/c. Then they will absorbed and credited from this a/c to Process a/c (or WIP a/c).
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