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Q: What are the stages in preparing a manufacturing account?
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What financial statement is prepared first in accounting?

for a manufacturing concern it will be a manufacturing account and for a non manufacturing concern it will be a trading account or a profit and loss account or income and expenditure account.


What is manufacturing account?

What is the format for manufacturing accounts


Is manufacturing overhead an expense account?

No. It is a manufacturing control account that increases with debits and decreases with credits.


What are the importance of manufacturing account?

the main purpose for manufacturing account is to determine the cost of goods manufactured


What are the procedures for preparing appropriation account?

appropriations in accounting


Preparing departmental trading and profit and loss account?

When preparing departmental trading and a profit and loss account, expenses must be taken into account first. These include departmental expenses, and common expenses, including administrative expenses.


Give you the format on how to prepare manufacturing account?

yes


Income statement of manufacturing organization?

Income statement of manufacturing organization is same as for trading company with little difference in manufacturing company there is separate manufacturing account is also prepared.


How do non profit making organizations prepare their final account?

By preparing Receipts & Payments Account, Income and Expenditure Account and a Balance sheet.


How the production process is carried out through 3 stages of production in plastic chair manufacturing?

•Plastics -3 Stages of production •Manufacturing the resin -Most dangerous due to vapours involved •Molding, extruding, casting the resin •Bending, machining, polishing and decorating


Difference between trading account and manufacturin account?

Manufacturing account, on the other hand, is a financial statement which shows production costs


Which considerations must a user take into account when preparing an image for the Web?

Resolutions