unit-15-manufacturing-account

Unit-15 Manufacturing Account

This unit discusses how to ascertain the cost of goods produced and how to prepare the Manufacturing and Trading Accounts.

Name the items shown in the Trading Account of a Manufacturer.




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Learning Pundits Content Team

Written on Jun 26, 2019 11:58:22 AM

The Trading Account of the manufacturer shows fewer items as compared to the Trading Account of a trader. It is because most of the direct expenses have already been included in the Manufacturing Account. The Trading Account now shows only the cost of goods produced, opening and closing stocks of finished goods. and the net sales. However, if the manufacturer also purchases some finished goods for resale directly from the market, this can also be debited to the Trading Account.



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