Question: Work in Progress Ledger Control Account: It shows the total work in progress at any particular time. Finished Goods Ledger Control Account: Receipts from production

Work in Progress Ledger Control Account: It shows the total work in progress at any particular time.

Finished Goods Ledger Control Account: Receipts from production and transfer to distribution department are entered in this account and the balance of this account shows the total value of finished goods in stock.

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