When materials are requisitioned for a job, the materials inventory account is debited.

Name: When materials are requisitioned for a job, the materials inventory account is debited.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When materials are requisitioned for a job, the Work in Process (WIP) account is debited, indicating that these materials are now being used in production, while the Materials Inventory account is credited to reflect the decrease in inventory.

When Materials Are Requisitioned for a Job, the Materials Inventory