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Hello sir what does this word means “Transferred to the next process”
I thought it means closing stock
Have you watched the free lectures on process costing??
The reason it is called process costing is that it is used when there are several processes involved.
When a factory makes a car, maybe the first process is simply making the shape. Then the shapes are transferred to the next process where maybe an engine is fitted, and so on.I do suggest that you watch the lectures!
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