Question

    Identify the INCORRECT statement from the given

    options.
    A Sale of crap is shown in the Manufacturing Account. Correct Answer Incorrect Answer
    B Stocks of raw materials and work-in-progress are shown in the Manufacturing Account. Correct Answer Incorrect Answer
    C Stocks of finished goods are shown in the Manufacturing Account. Correct Answer Incorrect Answer
    D Manufacturing Account is prepared to find out the cost of goods produced. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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