Continuing with the previous topic, it should be noted that the delivery of resources in exchange for other goods and services is made with the expectation of receiving a future profit or benefit, i.e., it is the acquisition price of a good or service that has been deferred or has not yet contributed to the realization of income and should be presented for accounting purposes as a current, fixed or deferred asset.
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Every organizational growth and development depends on the cost of raw materials and equipments, and how to manage this cost is very Vital, when proper care is not taken, it could be a problem as the expenses would not be compared to the profit, or incentive derive form that certain production.
To me, i see cost as a yardstick of measuring the results you are intended to achieve at the end.
Good post 🥰