In manufacturing account, the work-in-progress at the end...
In manufacturing account, the work-in-progress at the end of the year is
Deducted from the cost of goods completed during this year
Added to the cost of goods completed
Stated in the profit and loss account
Stated in the prime cost section
Correct answer is A
Work in progress for the year is gotten by = WIP beginning balance + manufacturing costs - the cost of goods completed.
Which of the following is the effect of a reduction in the provision for doubtful debts? ...
The following appears in the trading account except ...
The factor that determine the periodic depreciation charge are? ...
Ordinary shareholders received dividend before? ...
In a control account, provision for bad debts is found on the? ...
The allocation of funds from treasury to accounting heads in public sector is ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...