Entry (4)in the T-account below represents raw materials requisitioned for use in production.

Question

Quizplus · Accepted Answer

The T-account is a record-keeping tool used by accountants to track the increases and decreases in specific accounts. Entry (4) represents a transaction that involves raw materials being taken out of the inventory and used in the production process, which is commonly referred to as raw materials requisitioned. Therefore, the statement is true.

Entry (4)in the T-Account Below Represents Raw Materials Requisitioned for Use