Question

sales of scrap appearing in the trial balance are shown​

Answer 1

Answer:

Explanation:

Sale of scrap of raw material appearing in the trial balance are shown on the credit side of manufacturing Account. Scrap are goods that have become obsolete or outdated hence, when sold is an indirect income for the company and is to be shown on the credit side of manufacturing account.

Answer 2

Answer:

Sales of scrap appearing in the trial balance are shown​ on the credit side of the manufacturing account.

Explanation:

Manufacturing Account:

• Businesses that manufacture items or goods can utilize the Manufacturing account.
• It is a tool that may be used to help manage a manufacturing company's finances and inventories.
• This account may keep track of manufacturing expenses, resources utilized, and inventory levels.

Sales of scrap:

• Scrap sales are mostly utilized to sell scrap materials that are not part of the company's normal completed goods.
• For example, the original Finished Product may be scrapped owing to damage, or certain machinery in the factory may be trashed and then sold, and so on.

Scrap are commodities that have become obsolete or outmoded, and when sold, they provide an indirect income for the firm that is recorded on the credit side of the manufacturing account.

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