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Managerial Accounting Interview Questions and Answers

Related Subjects

Question - What Can Be The Discrepancies In Material Receipt?

Answer -

There are two categories of material discrepancies:

First category includes:-

  • Quantity received in excess
  • Quantity received in short
  • Quantity damaged
  • Receipt of incorrect quantity of material.
  • These discrepancies are normally caused by the transportation system.
  • Second category includes – Discrepancies in quality of material supplied.
  • These discrepancies are caused by the manufacturer.

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