Accounts - Principles of Accounts Past Questions and Answers

Opening stock of raw materials - #75,000
Purchase of raw materials - #330,000
Closing stock of raw materials - #80,000
Direct wages - #30,000
Carriages of raw materials - #10,000
Calculate the cost of raw materials used

Purchase of raw materials - #330,000
Closing stock of raw materials - #80,000
Direct wages - #30,000
Carriages of raw materials - #10,000
Determine the prime cost

In manufacturing account, the work-in-progress at the end of the year is

Which of the following is accounted for in receipts and payment account

Which of the following expenses relates to the profit and loss account of a manufacturing firm