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What is the difference between expense item and inventory
item ????
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Answer Posted / sandeep som
Expence Item is the captive consumption of the organisation
and it will not be tranferred to the inventory hence will
not hit the inventory valuation account.
Inventory Item will hit the inventory as well as inventory
valuation account and it will be used in production of
finished goods.
| Is This Answer Correct ? | 12 Yes | 2 No |
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