When materials are purchased,which of the following accounts is debited?

Name: When materials are purchased,which of the following accounts is debited?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Raw Materials Inventory is debited when materials are purchased because it represents raw materials that have been acquired by the company and are available for use in production. Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold are all accounts that are impacted at later stages in the production and sales process.

When Materials Are Purchased,which of the Following Accounts Is Debited