Intermediate and final products
Giving reasons categorize the following into intermediate and final products (i) Furniture bought by a school.(ii) Chalk, duster, and so on bought by a school.
Giving reasons categorize the following into intermediate and final products
(i) Furniture bought by a school.(ii) Chalk, duster, and so on bought by a school.
Expert
(i) It is a final product since it is bought for final investment.
(ii) Such are intermediate products since these are taken to be employed up completely throughout similar year.
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Consignment stock: It is the material that is lying in the premises however is not owned by the company. It has no value allocated to it until it is taken into own stock. Once it is employed in production or to be sold, it is taken into its own stock.
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