In the General Ledger the Accounts Used to Determine the Cost

question 17

Multiple Choice

In the general ledger the accounts used to determine the cost of goods manufactured are closed to the manufacturing summary account which is then closed to the:

• A)Income summary account
• B)Cost of sales account
• C)Gross profit account
• D)Profit account

---

Definitions:

Primitive Data Types

Fundamental data types provided by a programming language as building blocks, such as int, float, char, and boolean in Java.

Java

A popular, high-level, object-oriented programming language designed to have as few implementation dependencies as possible, making it a widely used language for cross-platform applications.

Variable Declared

Declaring a variable refers to the process of defining a variable by specifying its type and name, making it known to the program.

Java

An object-oriented, class-based programming language at a high level, aimed at reducing implementation dependencies to the least possible extent.