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A company produced 100 unit . Manufacturing cost is 1000 $ and selling & administrative expenses is 500 $ .Sales per unit 20 $ .

<p><em><strong>If the company did not sell any unit of its production then the net income is :</strong></em></p> <p><em><strong>a-500$</strong></em></p> <p><em><strong>b- Ziro .</strong></em></p> <p><em><strong>c- Minus500$</strong></em></p> <p><em><strong>d- No income statement for this year.</strong></em></p>

Accounting Cost Accounting Financial Accounting
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Question added by Deleted user
Date Posted: 2014/10/30
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Ednalyn Banuelos, CMA
by Ednalyn Banuelos, CMA , Projects Accountant , Grade Ref., LLC

Option C Minus$500 The manufacturing cost amounting to $1000 will be part of inventory account until the time it is sold.

Ismail Mamoojee
by Ismail Mamoojee , Group Compliance Officer , Liberty

c -$500

Muhammad Javed
by Muhammad Javed , Manager Finance , EuroMoto

c- Minus $500. 

AARIF KHAN CMA
by AARIF KHAN CMA , Management Accountant & Budget Controller , Fahad A Al Rajhi Holding Company

C-Minus500$

MOHAMMAD SARFARAZUL HASSAN
by MOHAMMAD SARFARAZUL HASSAN , Financial Analyst , Spectra Support Services

c- Minus$ is correct answer

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