A debit to the Materials (Stores ledger account) indicates
A)materials were purchased.
B)materials were requisitioned.
C)materials were put into production.
D)materials were ordered.

Question

Quizplus · Accepted Answer

A debit to the Materials (Stores ledger account) indicates that materials were purchased, as an increase in the balance of the account represents an increase in the amount of materials held in stock. Requisitions, production, and ordering may also affect the Materials account, but these transactions would not result in a debit to the account.

A Debit to the Materials (Stores Ledger Account) Indicates