WAEC Accounting 2015 Objective — Question 20

Question 20 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.

The cost of putting goods into a saleable condition is charged to

A. Balance sheet
B. Trial balance
C. Profit and loss account
D. Trading accountCorrect

Explanation

Costs of putting goods into a saleable condition (e.g. carriage inwards) are charged to the Trading Account, since they relate directly to the cost of goods sold.

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