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the purpose of cost control accounts is to control the cost of production 649253

1. The purpose of cost control accounts is to control the cost of production.

2. Cost control accounts is a system of integrating cost and financial accounts.

3. Cost control accounts are prepared on the fundamental principles of double entry bookkeeping.

4. Selling and distribution costs incurred are credited to selling and distribution overheads accounts.

5. Posting in wages control accounts are made from wage analysis sheet.

6. Debit balance in administration overhead account represents over absorbed overheads.

7. Finished goods ledger control account will always have a debit balance.

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