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Oomar11y ago
Hello sir what does this word means "Transferred to the next process" I thought it means closing stock
John MoffatJohn MoffatTutor11y ago#1
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!
Oomar11y ago#2
thank you sir for explanation
John MoffatJohn MoffatTutor11y ago#3
You are welcome :-)
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