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Commerce · Q394

Accounting

Graduate and Post Graduate · Commerce · question 394

Q394

Which account is the odd one out?

A.
Office furniture and equipment
B.
Freehold land and building
C.
Stock of raw materials
Answer
D.
Plant and machinery

Answer: Option C

Solution

Answer: Option C
Solution:
Stock of raw materials is the odd one out. Raw materials inventory is the total cost of all component parts currently in stock that have not yet been used in work-in-process or finished goods production. There are two subcategories of raw materials, which are: Direct materials.