Inter Process Profits

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Þage | 1 1NTER-PROCESS PRO11TS Introduction: While transIerring the outputs oI one process to another, the company might add some amount oI proIits to it. This is to get the actual cost oI Iinished product as, iI the company would have bought the inputs Ior the next process, it would be inclusive oI proIits. But, at the end oI an accounting period, this inter process proIit has to be excluded in order to get the real valuation oI closing stock. Inter process proIit is a main as
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