WAEC Accounting 2017 Objective — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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25. In a manufacturing enterprise depreciation of plant is treated in the
- A. A. Trading Account
- B. B. profit and Loss Account
- C. C. Manufacturing AccountCorrect
- D. D. Appropriation Account
Explanation
Plant is equipment used in the factory. Thus, depreciation on it will be treated in the manufacturing account.
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