Why Is The Distinction Between Product Costs And Period Costs Important?
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The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?
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a purchase of Rs.750 from raghubir has been debited to his account.purchase account has been correctly debited.
WHAT IS JOINT PRODUCT AND BY PRODUCT
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