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Costing ipcc
Why we don't write opening and closing balances in costing p&l in non integrated accounting system??? Pls help...
Replies (2)
In Integral Accounts the opening stocks and closing stocks all will be reflected in General Ledger adjustment Account .The flow is from Stock ledger Account to WIP ledger control Account to finished goods ledger to sales & distribution to General ledger adjustment Finally .this is Finally reflected in Costing P&L account
Ohkk got it sir....thank you very much .....
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