Post Utme Accounts - Principles of Accounts Questions
Question 226:
Prime cost plus factory overhead gives:
- A Gross profit value
- B Closing capital figure
- C Net sales amount
- D Factory cost production
Question 227:
The main difference between manufacturing and trading accounts is:
- A Liabilities excluded
- B Debtors ignored fully
- C Production cost included
- D Sales revenue omitted
Question 228:
Factory canteen expenses are usually treated as:
- A Direct labour charge
- B Indirect factory expense
- C Drawings adjustment
- D Selling expense amount
Question 229:
Factory wages are usually classified as:
- A Selling distribution cost
- B Financing expense figure
- C Office administration expense
- D Direct production cost
Question 230:
The final figure obtained from manufacturing account is:
- A Net profit amount
- B Gross sales revenue
- C Capital employed
- D Cost of goods produced