Examlex
What is meant by working capital?
General Ledger
The general ledger is a comprehensive record of a company's financial transactions over the life of the organization, which is the foundation of a company's double-entry accounting system.
Direct materials
Direct materials are raw materials that can be directly traced to the production of specific goods or services, forming part of the finished product.
Work In Process
Inventory that is in the production process but not yet completed or ready for sale.
Cost Of Goods Manufactured
The cumulative expenses a business incurs to manufacture products during a particular timeframe, encompassing materials, workforce, and indirect costs.
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