Chapter D, Problem 3QS

To determine

Concept Introduction:

• The Lean Accounting:

  The Lean Accounting implies the numerical and the mathematical parts of the inventory and manufacturer indirect costs in the decision making for the proper control and measurements of financial aspects in the business.

• Journal Entry:

  The Journal Entry is the systematic records of the happenings of transaction in the Business.

To record Journal Entry using Lean Accounting, of the Purchase of Raw Materials on credit