A manufacturing account is drawn up by
-
A.
firms providing personal services -
B.
firms engaged solely in buying and selling of goods -
C.
firms which makes and sell articles -
D.
non-trading organization
Correct Answer: Option 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