Post Utme Accounts - Principles of Accounts Questions
Question 231:
Finished goods produced are transferred from manufacturing account to:
- A Bank account section
- B Suspense account section
- C Trading account section
- D Capital account section
Question 232:
Which item increases cost of production?
- A Factory overhead expense
- B Discount received amount
- C Sales returns figure
- D Rent income received
Question 233:
Which stock appears in manufacturing account?
- A Office supplies stock
- B Trading goods stock
- C Finished goods stock
- D Raw materials stock
Question 234:
Factory overhead includes:
- A Factory electricity expense
- B Carriage outward expense
- C Office salaries expense
- D Discount allowed figure
Question 235:
Which item is excluded from manufacturing account?
- A Advertising campaign expense
- B Factory depreciation charge
- C Raw materials consumed
- D Direct factory wages