Multiple choice

Directions: Choose the correct option for the given question:

Statement of cost and profit when presented in T form is called

  1. cost sheet

  2. production account

  3. product account

  4. wage sheet

  5. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A production account is a T-shaped account used to show costs of production and the resulting profit or loss, often used in cost accounting.

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