I dont understand below jounral entries. What is control account?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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I dont understand below jounral entries. What is control account?
Transcribed Image Text:d
0
• Purchase of material (direct & indirect) on credit
Material (htbl
18910
A/P (htbl
$89/
Usage of direct and indirect (OH1) material into productish,
LIP onthl
Mfg overhead contul
Material contral
Mfg Payball (direct & indirect)
WIP Conthl (direct)
Mfg overhead Contbl
(indirect)
Cash Curtbl
88110
$4k
$341
#15/0
$85/
541
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