Under a job costing system the raw materials ledger account is what type of account?
A) asset
B) liability
C) revenue
D) expense

Name: Under a job costing system the raw materials ledger account is what type of account? A) asset B) liability C) revenue D) expense
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Question

Quizplus · Accepted Answer

The raw materials ledger account is classified as an asset account because it represents the cost of materials that have not yet been used in production and are considered a part of the company's current assets.

Under a Job Costing System the Raw Materials Ledger Account