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Use the information below to answer questions 6 to 9 A Furniture Manufacturing Company commence business on 1st August, 2022, preparing account to 315 October each year. Oliver Twist, the accountant of th- business has provided you with the below information for the year ended 31st October, 2022. All fixed asse are depreciated at a rate of 6% per annum. Plywood Furniture Motor Vehicle GHS 120,000 840,000 420,000 1,200,000 6. Determine the amount of depreciation charged to manufacturing, profit or loss account for the year ended 31st October, 2022. A. GHS 63,000 B. GHS 36,000 C. GHS 6,300 D. GHS 3,600 7. Plywood is a/an.... A. Trading Stock B. Raw material C. Non-current Asset D. Inventory 8. The cost of furniture should be treated in the... A. Fixed Asset Account B. Profit or Loss Account C. Trading Account D. Manufacturing Account
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