Thursday, 13 October 2016

If under applied FOH is closed to cost of goods sold, the journal entry is?

If under applied FOH is closed to cost of goods sold, the journal entry is?

  1.  DR Cost of goods sold …….. CR FOH control
  2.  DR FOH control ……..……….. CR Cost of goods sold
  3.  DR FOH control ……..……….. CR Profit % loss account
  4.  None of these

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