Expenses relating to manufacture will be entered in:
Trading account
Profit and loss account
Manufacturing 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
Nominal account
What do you call the people, who are actually engaged in the production of the finished goods?
Labour
Daily labours
Non labour
Goods which are partially completed at the end of the financial year is:
Work in progress
Godown goods
Consignment goods
The expense which is directly linked with the product to be manufactured is known as:
Revenue
Indirect expense
Direct expense
Loss
What do you call supervisors in the aspect of labourism?
Indirect labour
Blue collar labour
In a manufacturing concern, where will the current assets be shown?
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
Those expenses which cannot be directly linked with the product being manufactured is known as:
Factory overheads
Wages
Expenditure