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Expense Side of Statement of Profit and Loss

Why Material ...

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Why Material Control is important?

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Solution

Material Control is a very important concept in any organisation. Material involves a big percentage of total expenditure of any firm specifically if it is a manufacturing concern. So, unless there is a control of material cost which involves material cost, ordinary cost and carrying cost, the firm can suffer a great amount on material unnecessarily.

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Expense Side of Statement of Profit and Loss

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