In a job costing system the accounting entry to record the purchase of direct materials is:

Question

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The accounting entry to record the purchase of direct materials in a job costing system is a debit to raw materials inventory and a credit to accounts payable. This is because the company is increasing its raw materials inventory account, which is an asset, and increasing its accounts payable account, which is a liability.

In a Job Costing System the Accounting Entry to Record