O-LevelAccountingAccounting procedures7707/11 · May/June 2014 · Q251 Mark

In which section of a manufacturing account would a royalty payment appear?

Adirect expenses

Bdirect labour

Cdirect materials

Dfactory overheads

✓ Correct answer

A: direct expenses

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 1, question 25.

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