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Which statement contains all unique accounts

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Problem 1: Which items below are examples of inventory piling ...

A. Stock-in-transit

B. Average stock

C. Maximum stock

D. All of the above

E. None of the above

Problem 2: Manufacturing businesses include accounts which are unique to the industry. Which statement contains all these unique accounts?

A. Direct materials, direct labour, manufacturing overheads

B. Work-in-process (WIP) or manufacturing account and finished goods

C. Sales and cost of sales

D. All of the above

E. A and B only

Reference no: EM132644775

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