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A manufacturing account is drawn up by

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Accounts - Principles of Accounts WAEC 2014

A manufacturing account is drawn up by

  • firms providing personal services
  • firms engaged solely in buying and selling of goods
  • firms which makes and sell articles checkmark
  • non-trading organization

The correct answer is: C

Explanation

The manufacturing account is an account in the general ledger which is used to accumulate all the manufacturing costs of goods completed by a business during an accounting period. It is used by firms involved in the production and sales of goods

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