What is sale of scrap of material is deducted from cost of

Answers 1

Explanation:

The sale value of scrap may be deducted from the cost of materials consumed or factory overhead. This method is suitable when several production orders are commenced at a time and it is not possible to find scrap for each other.

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Transactions of Mohan Traders are given below. Show the effects of these transactions on assets, liabilities and capital with the help of Accounting equation. a. Business started with cash ₹1,00,000 b. Cash purchase ₹50,000 c. Cash sale of ₹60,000​
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Explanation:

assets= capital+liabilities

1,10,000=1,10,000

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