Importance of store accounting
Answers
Answered by
0
Answer:
sorry I not understanding the answer
Answered by
0
Answer:
The importance of store accounting has been described below.
Explanation:
- The importance of store accounting is simply that it assists us to estimate the cost of the product for pricing decisions.
- For both materials consumed in the production as well as estimating the value of materials held in stock, the costing of material has to be done.
- Store accounting is the process that helps us to record details of stock movements as well as balance in value.
- Sometimes, it can be also witnessed that it is undertaken by the finance department.
- It also helps to provide a basis for inventory control.
- The cost of goods manufactured is also calculated with its help.
Link:
https://brainly.in/question/42128300?referrer=searchResults
#SPJ2
Similar questions