JAMB Accounting 2012 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

In manufacturing accounts, finance expenses are charged to the

A. departmental account
B. trading account
C. profit and loss accountCorrect
D. balance sheet

Explanation

In manufacturing accounts, finance expenses are charged to the profit and loss account.

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