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.
Recurrent expenditure are expenses for the period not exceeding? ...
A source document for the sales day book is ...
Goodwill appears in the books of a business only if it has been ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,40...