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Accounting For Material Final Note Theory

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35 views23 pages

Accounting For Material Final Note Theory

Uploaded by

boyhell0738
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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—+ CHAPTER- : ACCOUNTING FOR MATERIALS —T & MATERIAL CONTROL af Material / Processing Finished Raw Material [Factory] Product a Meaning of Material: Material means all commodities / articles which are used in the factory to manufacture Goods or to render services. Types of Material: Normally there are 2 types of material- 1) Direct Material 2) Indirect Material 1) Direct Material: Direct material means materials which can be easily identified with and can be directly allocated with the product. Example: - Milk in Ice-Cream

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