Question on: WAEC Accounting - 2014
A manufacturing account is drawn up by
A
firms providing personal services
B
firms engaged solely in buying and selling of goods
C
firms which makes and sell articles
D
non-trading organization
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Correct Option: C
The manufacturing account is an account in the general ledger which is used to accumulate all the manufacturing costs of goods completed by a business during an accounting period. It is used by firms involved in the production and sales of goods
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