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Tricky entry came in cbe exam

Forums › ACCA Forums › ACCA MA Management Accounting Forums › Tricky entry came in cbe exam

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by sosologos.
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    Posts
  • May 5, 2010 at 9:15 pm #43761
    abdulwahabsiddiq
    • Topics: 16
    • Replies: 54
    • ☆☆

    What entry is required for recording 12500 as absorbed overhead as their is under absorption of 500?
    a.DR PRODUCTION OVERHEAD 12500
    CR WORK IN PROGRESS 12500
    b.DR PRODUCTION OVERHEAD 12500
    CR CASH 12000
    CR WORK IN PROGRESS 500
    c.DR WORK IN PROGRESS 12500
    CR PRODUCTION OVERHEAD 12500
    d.DR WORK IN PROGRESS 12000
    DR PRODUCTION OVERHEAD 500
    CR CASH 12500
    CAN SOMEBODY ANSWER ME AS I HAD FACE IT IN EXAM.

    May 6, 2010 at 1:24 am #60039
    sosologos
    • Topics: 0
    • Replies: 111
    • ☆☆

    C should be correct because the debits and credits for the other 3 are definitely wrong.

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