Completion of a job result in:

Question

(a) (DR) finished goods …….. (CR) WIP

(b) (DR) Cost of goods ……... (CR) finished goods

(c) (DR) WIP …..….….. (CR) FOH control

(d) (DR) FOH control …….….. (CR) FOH applied

(e) None of these

Sara Naeem · Answer

A) DR finished goods......Cr WIP

Divyesh Patel · Answer

A

Kamran Arshad · Answer

A

Khaled Abdelrehim ACCA DipIFR CMA · Answer

The correct answer is A

Md. Moshiur Rahman Sumon · Answer

a) Finished goods...................Dr

Working In Process.................Cr

Because after completing transfer the value of WIP to Finished goods it comes true as completion of job.

georgei assi · Answer

Agreed with colleagues answers

The Answer A

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

Agree with the answers given by :

Ms. Sara Naeem & Mr. Divyesh Patel for Answer:

Debit Finished Goods A/c and Credit Working Progress Account.

Ahmad Raja Suliman Ahmad · Answer

Correct Answer A

DR...... finished goods

Cr.....Wip

Ahmed kandil · Answer

answer is A

FITAH MOHAMED · Answer

ANSWER A