Title | MANUFACTURING ACCOUNTS NOTES.doc |
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File Size | 180.5 KB |
Total Pages | 9 |
Stocks in manufacturing organisations Sample Example Ltd Manufacturing Account for the year ended 31.12.07 Prime cost Cost of Production (+) Factory Profit (20% of cost of production) Cost of goods Transfer to Trading Account Current Assets: Inventory(Stocks)-Direct materials xxx Current Assets: Inventory(Stocks)-Direct materials 18