The finished product of last process is transferred to ……………… a/c

Related MCQs

• The finished product of one process becomes
• Cost of one process may be transferred to the next process at
• ……………….. process loss should be transferred to costing profit and loss account
• Where raw material is to pass certain stages before it is converted into finished goods, the method of costing used is ……………………
• In marginal costing stock of finished goods is valued at
• Stock of work in progress and finished goods are valued at marginal costing not include
• ………….. product are produced incidental to the main product
• The loss incurred on an incomplete contract is transferred to ……… account
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to