Which of the following does not relate to a manufacturing concern?
Answer Details
Income and expenditure does not relate to a manufacturing concern. Income and expenditure is a statement prepared by non-profit making organizations like clubs, societies, churches, etc to show the sources of their income and how it was expended during a particular period. On the other hand, manufacturing concerns are profit-making organizations that are involved in the production of goods for sale. The balance sheet, profit and loss account, ledger account, and cash book are all accounting records that are used to prepare financial statements for manufacturing concerns.