The method of stock valuation in which the issue price is...
The method of stock valuation in which the issue price is obtained by dividing the value of stock in hand by unit of stock in hand is
FIFO
LIFO
SAP
WAP
Correct answer is D
Weighted Average Price (WAP): Under this method issues are priced at a weighted average price which is obtained by dividing the value by the unit of stock in hand. Issues will continue to be priced at this price until a new batch is received when a new weighted Average price is calculated.
Which of the following is a current asset item? ...
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...
In partnership dissolution, an asset taken over by a partner is debited to? ...
Which of the following items is found in the sales ledger control account? ...
Which of the following is not the purpose of a control account? ...
When shares are issued above their nominal value, the excess above the nominal value is ...
A financial analyst needs accounting information to? ...
Which of the following is not a credit item in the sales ledger control account? ...