All of the following are the methods of inventory costing except Options: A . &nbspFIFO B . &nbspLIFO C . &nbspAVCO or average cost D . &nbspStock take

All of the following are the methods of inventory costing except

Question

All of the following are the methods of inventory costing except

Options:

A . FIFO

B . LIFO

C . AVCO or average cost

D . Stock take

Answer: Option D

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Question 1. Which one of the following methods of inventory costing produces ending stock cost close to the market value of the inve....stock cost close to the market value of the inventory?

Question 2. Opening inventory + Net purchases = ?....

Question 3. Cost of goods available for sale - closing inventory = ?....

Question 4. NRV or net realizable value of inventory is the expected selling price or market value less....

Question 5. Under which method of inventory costing, a pre-determined cost is assigned to all items of inventory?....

Question 6. Term 'Credit' means _____ by the business....

Question 7. When a liability is reduced or decreased, it is recorded on the:....

Question 8. When capital is increased by an amount, it is recorded on the:....

Question 9. The standard format of Journal does not include which of the following?....

Question 10. In which of the following order, data is entered into the Journal?....

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