WAEC Accounting 2012 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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Administrative, selling and distribution expenses in a manufacturing firm are recorded in
- A. Trading Account
- B. Manufacturing Account
- C. Profit and Loss AccountCorrect
- D. Balance Sheet
Explanation
The profit and loss account handles expenses of selling and distribution.
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