Asked by
mounika pathireddy
on Nov 13, 2024
Verified
Which of the following entries would not be found on the books of a service provider?
A) a debit to Work in Process and a credit to Materials
B) a debit to Work in Process and a credit to Wages Payable
C) a debit to Work in Process and a credit to Overhead
D) a debit to Cost of Services and a credit to Work in Process
Service Provider
An entity that provides services to other entities. This can include businesses that offer services such as internet, telecommunication, healthcare, and other essential services.
Work in Process
Inventory that includes the partially finished goods that are still undergoing manufacturing processes.
Materials
The raw substances used in the manufacturing process to create products or are part of the final product.
- Learn about the job order cost accounting system and how it applies to organizations in both the manufacturing and service fields.
Verified Answer
KF
Learning Objectives
- Learn about the job order cost accounting system and how it applies to organizations in both the manufacturing and service fields.