In entries to record the movement of material,labor,and overhead through the operation of a company,the credit is the source and the debit is the destination.

Name: In entries to record the movement of material,labor,and overhead through the operation of a company,the credit is the source and the debit is the destination.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

In accounting, credits represent the source of funds or resources, while debits represent the destination or use of those funds or resources.

In Entries to Record the Movement of Material,labor,and Overhead Through