Learn Your Accounting ABCs --Dickeson

Here's a small problem: the PIA in its annual Ratio Studies proclaims that printing is "Adding Value" to raw materials, not "Adding Costs" to raw materials. Are we a "Value Added" or a "Cost Added" economic entity? We add value to raw paper and ink. That's what our customers pay for. A few customers even bring us the raw paper and ink, and ask us to add value to them. They do not ask us to add cost!