Question

______ is not available in the Financial Statements of a company.

• A. Total sales
• B. Total profit and loss
• C. Capital
• D. Cost of production

Answer 1

Answer: (D)

Cost of production

Financial statement represents the Profit & Loss account and balance Sheet. Profit & Loss account shows the cost of goods sold. There is a separate branch of accounting i.e. cost accounting in which cost of production is determined.