O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2015 · Q261 Mark

Wages are paid by a manufacturing business to machine operators, factory cleaners and office staff. Where are these wages recorded in the financial statements?

Aoverheads in manufacturing account | income statement | income statement

Boverheads in manufacturing account | overheads in manufacturing account | overheads in manufacturing account

Cprime cost in manufacturing account | overheads in manufacturing account | income statement

Dprime cost in manufacturing account | prime cost in manufacturing account | overheads in manufacturing account

✓ Correct answer

C: prime cost in manufacturing account | overheads in manufacturing account | income statement

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 26.

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Wages are paid by a manufacturing business to machine operators, factory cleaners and office staff. Where are these wages recorded in the financial statements?

✓ Correct answer

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