Respuesta :
The issue of materials is recorded in a journal entry that credits manufacturing overhead and debits work in process.
Describe the journal?
- A diary is used to precisely document a business's transactions.
- Accounts are reconciled and information is transmitted to other accounting records using the data recorded in a journal.
- When entering a transaction in a company's journal, single-entry accounting is another alternative. The more typical method is double-entry bookkeeping.
- The double-entry method logs an increase in one account and a decrease in the corresponding account following a transaction.
- Single-entry accounting, which is rarely used, only tracks changes to one account.
- A trading notebook that documents an investor's trades and the reasoning behind them is commonly referred to as a journal in the financial sector.
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