Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?
READ MORE +Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?
READ MORE +………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value
READ MORE +If small quantities of direct material used in the end product like gums and threads are used in binding books then it may be categorized as
READ MORE +When materials are delivered, a supplier’s carrier will usually provide a document called to confirm the details of delivery
READ MORE +In which of the following posting is done before the transaction takes place?
READ MORE +……………….. are those items which are not moving temporarily but their movement is expected shortly
READ MORE +CIMA defines ………… as, an internal instruction to a buying office to procure goods or services
READ MORE +When materials are unloaded, the warehouse staff checks the material unloaded with the delivery note. Then the warehouse staff prepares a…………, a copy of which is given to the supplier’ carrier as a proof of delivery
READ MORE +_______are those items, which are moving at a slow rate and this may arise due to general depression in demand due to keen g competition
READ MORE +Under of inventory valuation, the historical cost of inventory is estimated by calculating at selling price and then deducting an amount equal to the estimated gross margin of profit on such stocks
READ MORE +Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of
READ MORE +Which of the following method is based on the assumption that, latest consignment of materials or goods manufactured are exhausted first and the closing stock is valued at the cost of earliest lot in hand?
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