The cost of manufacturing the goods produced are calculated in:
Real account
Nominal account
Profit and loss account
Manufacturing account
Which type of records will a manufacturing business maintain?
Single
Double
Triple
No entry
The partially made goods at the end of the financial year are known as:
Opening stock
Closing stock
Opening stock of work in progress
Closing stock of work in progress
Manufacturing business create a special account, unlike retail or whole sale business do. What is the name of the account?
Balance sheet
Out of this, which one is NOT included in manufacture account?
Direct labour
Direct expenses
Direct materials
Transportation
As a manufacturer, if you buy a finished good, where will you account this?
Cost of goods produced
Finished goods
Rent account
What is the primary thing a manufacturer need to finish his goods?
Labour
Raw material
Expenses
Factory overheads
In a manufacturing concern, where will the current assets be shown?
Trading account
Those expenses which cannot be directly linked with the product being manufactured is known as:
Wages
Expenditure
What do you call the people, who are actually engaged in the production of the finished goods?
Daily labours
Non labour