WAEC Financial Accounting 1996 Question 16

Question 16

Manufacturing Accounts

Factory wages are always entered into the

  1. A.Sales Account
  2. B.Manufacturing Account
  3. C.Profit and Loss Account
  4. D.Purchases Account
  5. E.Trading Account.
Show the answer and explanation

Answer: B (Manufacturing Account)

Explanation

Factory wages are a production cost, so they go into the manufacturing account.