MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Expense Side of Statement of Profit and Loss

Why Material ...

Question

Why Material Control is important?

Open in App

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Why is the yogurt very important food material?

Q. Question 12
The most important function of cell membrane is that it:

(a) controls the entry and exit of materials from cells.
(b) controls only the entry of materials into cells.
(c) controls only the exit of materials from cells.
(d) allows entry and exit of materials without any control.

Q. The cans used for soft drinks are made of aluminium.
(a) Give two reasons why aluminium is a good material for this purpose.
(b) Explain why it is important to recycle these cans.

Q. An important aspect of control is that the

Q. The important raw material for the sugar industry is ______.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Statement of Profit and Loss

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Expense Side of Statement of Profit and Loss

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon