Under which of the following method of inventory valuation, the closing inventory is valued at the lowest possible price?
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………… represents the unusable loss,which can be sold. It is a residue, which is measurable and has a minor value
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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
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When materials are delivered, a supplier’s carrier will usually provide a document called to confirm the details of delivery
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In which of the following posting is done before the transaction takes place?
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……………….. are those items which are not moving temporarily but their movement is expected shortly
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CIMA defines ………… as, an internal instruction to a buying office to procure goods or services
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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
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_______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
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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
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Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of
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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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