Question: Which accounts are required in order to prepare a statement of profit or loss and other comprehensive income following the nature of expense format? 1.

Which accounts are required in order to prepare a statement of profit or loss and other comprehensive income following the nature of expense format?

1. Revenue account, Purchase account, Trading account, Manufacturing Overheads account.

2. Revenue account, Purchase account, Inventory of Finished Goods account and Administration account.

3. Trading account, Purchase account, Finished Goods Inventory account, Manufacturing Overheads account.

4. Revenue account, Cost of Sales account, Manufacturing Overheads account, Work-in-Process account.

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