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THe cost of labor services of an employee who participates in the manufacturing of a product normally should be charged to the income statement in:

                                                                    the period in which the

A. Work is performed.

B. Employee is paid.

C. Product is completed.

D. Product is sold.

Accounting Auditing
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Question added by Deleted user
Date Posted: 2015/02/27
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Imran Adwani
by Imran Adwani , Head of Internal Audit , Abdulla Bin Zayed Investment Group

As per mercantile system of accounting, option "a" is correct.

As per cash basis of accounting, option "b" is correct.

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