Sir my doubt is that in question no. 24 of your book of direct Material why the carrying cost is not calculated on opening stock of raw material as opening stock is also carried through out the year untill it ...
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Illustration 6 of process costing as answer is different in comparison to class answer .
If there is any minor difference in valuation of closing stock and finished stock in comparison to icai answer, is it is correct For ex Icai answer 2000 closing stock My answer 1992 closing stock
While calculating P/V Ratio, we should round off the figures or take it exactly in points Like 46.666% or 46.67% Cz it’s make a big difference in further calculations
What is the entry of sales in Integrated accounting system in this chapter ?