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Can someone please explain the logic behind this profit and loss account (To Material, To Opening wip ) , of 7th illustration, chapter 7 : Cost accounting System

Image attached to the doubt: Can someone please explain the logic behind this profit and loss account (To…

Asked by Loki22 Aug 2025575 views

1 answer

  1. Nisarg · 22 Aug 2025

    It is opening inventory. Here profit loss a/c and trading account is same so opening inventory is shown is it to find profit as per financial records

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