A journal entry that debits raw materials and credits accounts payable is recording the ______.

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02-02-2022
Business

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A journal entry that debits raw materials and credits accounts payable is recording the ______.

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Martebi Martebi · Answer 1 · 2022-02-07T11:48:43+01:00

There are a lot of thing recorded in a journal. A journal entry that debits raw materials and credits accounts payable is recording the purchase of materials.

What is the purchase of materials?

Purchasing of materials is known to be the act of buying or the procurement of materials under a certain price.

It is usually done by a specific department such as the purchase manager in large firms.

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