In video 17 illustration 11 why do we deduct the scrap value of 40000 only from material, they have given scrap degree of completion for labour and overheads 80%, why don't we deduct 80% of value from labour and overheads.
Sri Varshini
CA Inter
★ 575
03-Sep-20 17:21
369
Answers (1)
Its sale of scrap - And is difficult to attribute sale value to different components.