Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › The expense head 'cost of materials consumed' ap…
The expense head 'cost of materials consumed' applies mainly to
ABanking companies
BManufacturing companies
CCharitable trusts
DInsurance companies
Answer & Solution
Correct answer: B. Manufacturing companies
Raw materials are consumed in production, so this head applies to manufacturing companies.
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