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Differentiate between "Absorption Costing" and "Full Costing".

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Question added by Deleted user
Date Posted: 2014/08/26
MUDDASSER ALI
by MUDDASSER ALI , Manager Accounts , M/s Ghulam Muhammad & Sons (GMS (Pvt) Ltd). (Autoparts Manufacturing Concern)

Both are same (synonym)The practice of charging all costs both variable and fixed to operations, products or processes is termed as absorption costing / Full Costing.

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