Summary
Summary CAIE A2 LEVEL ACCOUNTING (9706) SUMMARIZED NOTES UPDATED TO 2021 SYLLABUS ON THE THEORY SYLLABUS
- Course
- Institution
Benefits of manufacturing account Separates office and factory costs Identifies factory as cost driver Helps in setting prices o Shows total manufacturing cost Reasons to provide for unrealized profit: IAS 2 – inventory valued at lower cost Follows the prudence concept – provisions created ...
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