Multiple choice

Directions: Choose the correct option for the given question.

In inter process profit, the output of one process is transferred from one process to another at

  1. cost price

  2. actual price

  3. market price

  4. estimated price

  5. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In inter-process profit accounting, the output of one process is transferred to the next at a price higher than cost, often at market price, to reflect the profit earned by the transferring process.

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