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Commerce · Q785

Costing

Graduate and Post Graduate · Commerce · question 785

Q785

Which of the following statements are correct? I. Inventory includes raw materials, finished goods and work-in-progress. II. Inventory is a part of the working capital. III. Inventory includes goods likely to be purchased.

A.
I, II and III
B.
II and III
C.
I and III
D.
I and II
Answer

Answer: Option D

Solution

Answer: Option D
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