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Arsha posted an Question
September 28, 2020 • 12:43 pm 30 points
  • UGC NET
  • Commerce

How work in progress and creditors are assumed

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  • Rucha rajesh shingvekar

    While valuing WIP raw material is assumed to be completed to the extent of 100% whereas wages & overheads are assumed to be incurred to the extent of 50%.

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    how creditors are calculated how 200came

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    That is raw material price (200 per unit) which we purchased from creditors on credit basis

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