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When output of earlier process is transferred at a profit to...

This question belongs to Commerce Costing
Costing
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When output of earlier process is transferred at a profit to the subsequent process, it is ________.

Answer & Solution
Correct Answer: Option C
When output of earlier process is transferred at a profit to the subsequent process, it is inter process profit. The profit associated with the transfer of goods from one process to another process is called inter-process profit.
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