1 Which of the following should be charged in the Profit and Loss Account? (A) Office rent (B) Work-in-progress (C) Direct materials (D) Carriage on raw materials 2 In the Manufacturing Account is...

1

Which of the following should be charged in the Profit and Loss Account?

(A) Office rent

(B) Work-in-progress

(C) Direct materials

(D) Carriage on raw materials

2

In the Manufacturing Account is calculated

(A) The production costs paid in the year

(B) The total cost of goods produced

(C) The production cost of goods completed in the period

(D) The gross profit on goods sold