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What is the purpose of a Finished Goods Ledger Control Account?
  • a)
    To calculate interest on savings accounts
  • b)
    To maintain personal accounts
  • c)
    To track the total value of finished goods in stock
  • d)
    To reconcile Cost and Financial Accounts
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of a Finished Goods Ledger Control Account?a)To ca...
The purpose of a Finished Goods Ledger Control Account is to track the total value of finished goods in stock. It helps in monitoring the value of completed products and facilitates the reconciliation of Cost and Financial Accounts.
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What is the purpose of a Finished Goods Ledger Control Account?a)To calculate interest on savings accountsb)To maintain personal accountsc)To track the total value of finished goods in stockd)To reconcile Cost and Financial AccountsCorrect answer is option 'C'. Can you explain this answer?
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