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WAEC Financial Accounting 2024 Question 15

Question 15

Manufacturing Accounts

Work-in-progress is an item in

  1. A.income and expenditure account.
  2. B.receipts and payments account.
  3. C.appropriation account.
  4. D.manufacturing account.
Show the answer and explanation

Answer: D (manufacturing account.)

Explanation

Partly finished goods are adjusted in the manufacturing account.