IN MANUFACTURING ACCOUNT, DEPRECIATION OF OFFICE MACHINE IS CHARGED TO
A. trading account B. appropriation account C. balance street D. profit and loss account ✓ The answer to the question is: D. profit and loss account Depreciation is the allocation of the cost of a tangible asset over its useful life. In the context…
THE RISE OF MANUFACTURING INDUSTRY
Man’s universal demand for food, clothing, shelter and other comforts of life has prompted the creation of many new things. Foods are preserved or canned to last longer. Modern homes have telephones, television sets, refrigerators, washing machines and other luxuries.…
WORLD MANUFACTURING INDUSTRIES
Manufacturing industry refers to the turning of both organic and inorganic raw materials and substances into finished or new products by mechanical or chemical processes at home (cottage) or in the factory. Processing industries: These are industries that are directly…
Study Guide
