Author Question: The recording of cash receipts to the cash account will be done by debiting the account. a. True ... (Read 127 times)

Zulu123 · **on:** Jul 5, 2018

The recording of cash receipts to the cash account will be done by debiting the account.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The advantage of using normal costing instead of actual costing is ________.

A) indirect costs are assigned at the end of the year when they are known
B) the job cost is more accurate under normal costing
C) indirect costs are assigned to a job on a timely basis
D) normal costing provides a higher gross profit margin