The difference between a trading account and a manufacturing account is that while the manufacturing…

Accounts - Principles of Accounts JAMB 1997

The difference between a trading account and a manufacturing account is that while the manufacturing account

  • has no particular period, the trading account has
  • does not consider the cost of goods involved, the trading account does
  • is concerned with the cost of production, the trading account is not checkmark
  • is not concerned with the stock of raw materials the rading account is

The correct answer is: C

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