Which of these is part of opening stock in manufacturing a/c?

Raw material and components

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Postage stamps

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Solution

The correct option is A Raw material and components
Manufacturing a/c is prepared by the enterprises engaged in manufacturing activities. This financial statement does not show profit and loss figures but rather the cost of direct materials and labour. A manufacturing account also includes production overhead. The manufacturing account starts from the opening stock Raw material, and component and the result of Manufacturing a/c is cost of goods manufactured.

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