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Yogita Ingle 6 years, 4 months ago
Chalks, dusters, etc. purchased by a school are intermediate goods as these are used up in the process of value – addition during the year. Reason: Computers installed in an office is a final product because computers are finally and repeatedly used by the office for several years and these are of high value.
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Yogita Ingle 6 years, 4 months ago
Intermediate expenditure can be defined as the expenditure on intermediate goods. Intermediate goods are those goods which are not used for final consumption. Infact, they are used as raw material in production of final goods. These are unfinished goods.
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