Question
Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school.
(ii) Chalks, dusters purchased by a school.
Solution
(i) Furniture purchased by a school (D 2011) is a final product because it is purchased for investment.
(ii) Chalks purchased by a school (D 2011) is an intermediate product as it is meant to be used completely in the same year.
