Concept:Finance expenses are not part of production or cost of goods sold.
Explanation:Manufacturing accounts deal with direct materials, direct labour, and factory overheads.
Finance expenses, such as interest and loan charges, arise from borrowing money.
They are indirect expenses that do not relate to making goods.
These expenses must be deducted from the gross profit of the business.
This deduction is done in the profit and loss account to arrive at net profit.
Answer:C. profit and loss account