O-LevelAccountingPreparation of financial statements7707/13 · Oct/Nov 2024 · Q271 Mark

Thato is a manufacturer. His manufacturing account for the year ended 31 December showed that his work in progress had increased. How did this affect the cost of production and the cost of sales?

Adecreased decreased

Bdecreased no effect

Cincreased increased

Dincreased no effect

✓ Correct answer

A: decreased decreased

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 27.

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