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Manufacturing account is prepared to ascertain

Accounts - Principles of Accounts
WAEC 2022

Manufacturing account is prepared to ascertain

  • A. profit on goods produced
  • B. cost of goods produced
  • C. cost of goods sold
  • D. profit on goods sold
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Correct Answer: Option B
Explanation

Manufacturing account is prepared to determine the cost of production or cost of goods manufactured during the financial year.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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