WAEC Accounting Past Questions & Answers - Page 54

A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.

The value of the closing stock of finished goods that would be shown in the balance sheet is

A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.

The value of the closing stock of finished goods in the trading account is?

The cost incurred on goods purchased for production which can be traced to a particular unit is classified as

A non-cash expense chargeable against profit and loss account is 

Debtors and credit sales for a period are D 120,00 and D 600,00 respectively. The debtor's payment period would be