Post Utme Pan Atlantic University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

What is the main difference between a manufacturing account and a trading account?

Answer Options

A. A manufacturing account includes the cost of goods sold, while a trading account includes the cost of goods purchased
B. A manufacturing account includes the cost of goods purchased, while a trading account includes the cost of goods sold
Correct Answer C. A manufacturing account includes the cost of goods manufactured, while a trading account includes the cost of goods sold
D. A manufacturing account includes the cost of goods sold, while a trading account includes the cost of goods manufactured
Correct Answer
C
Correct Option:
A manufacturing account includes the cost of goods manufactured, while a trading account includes the cost of goods sold

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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