JAMB Accounting 2021 Objective — Question 25

Question 25 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.

25. The manufacturing account is used to determine a. Profit b. Loss c. Net asset d. Cost of production

A. Profit
B. Loss
C. Net asset
D. Cost of productionCorrect

Explanation

The manufacturing account is used to determine the cost of production of all goods manufactured in a producing company.

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