Accountancy, asked by mghh964, 2 months ago

Tender price is also known as

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Answered by divyanshipoona67

Answer:

Very often a manufacturer or producer is asked to submit a tender or cost-estimate for the supply of the product in future. The price quoted for future production is called Quotation Price or Tender Price. This price is ascertained on the basis of previous cost sheet or production account.

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