Manufacturing business refers to producing goods of value with the aid of labor, machinery, tools, chemicals etc. On a day to day basis, a large number of finished products are produced by the manufacturing firms from raw material. These products are then sold to other manufacturers and wholesalers. So the main function of a manufacturing business is production. In such a scenario, there is always a chance of other important but non-core functions like accounting getting ignored. Below mentioned are some tips which can help in enhancing the accounting process of a manufacturing firm: Maintain separate accounts for personal and [...]
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