Accountancy, asked by vaineshamh1999, 3 months ago

state the treatment of sale of scraps in cost book​

Answers

Answered by sneha5936
1

Answer:

In cost accounting, scrap is defined as material that's left over after production. Scrap has a low sales value, if it has any value at all. You sell scrap “as is.” No costs are added to scrap before you sell it to someone.

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