Question
What would be the treatment of following in the process
account? Opening Stock of Materials50000 PurchasesĀ Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 800000 Closing Stock of Materials250000Solution
It is to be debited by materials consumed on a net basis i.e. net debit by 600000 (50000+800000-250000)
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