Wages is a:
Salary
Indirect expenses
Revenue
Direct expense
Goods which are partially completed at the end of the financial year is:
Work in progress
Finished goods
Godown goods
Consignment goods
Manufacturing business create a special account, unlike retail or whole sale business do. What is the name of the account?
Manufacturing account
Profit and loss account
Balance sheet
Real account
As a manufacturer, if you buy a finished good, where will you account this?
Cost of goods produced
Rent account
Nominal account
In a manufacturing concern, where will the current assets be shown?
Trading account
The cost of manufacturing the goods produced are calculated in:
In the below list, which one is NOT included in the prime cost list?
Direct wages
Direct labour
Factory overheads
Which type of records will a manufacturing business maintain?
Single
Double
Triple
No entry
Those expenses which cannot be directly linked with the product being manufactured is known as:
Direct expenses
Wages
Expenditure
Factory overhead is a:
Indirect expense
Income
Work schedule