NECO Accounting 2022 Objective — Question 20
Question 20 of 50 from the National Examinations Council (NECO) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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Manufacturing account is prepared to ascertain
- A. profit on goods produced
- B. cost of goods producedCorrect
- C. cost of goods sold
- D. profit on goods sold
Explanation
A manufacturing account is used to ascertain the cost of goods manufactured/produced by a company.
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