WAEC Accounting 2021 Objective — Question 16
Question 16 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.
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The type of stock recorded in the trading account of a manufacturing business is
- A. raw materials
- B. work-in-progress
- C. consumables
- D. finished goodsCorrect
Explanation
In the trading account, only finished stock/goods are carried in; raw materials and work-in-progress relate to the manufacturing account.
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