Question
Closing stock is valued at the oldest stock price in
which among the following methods of valuation of inventory?Solution
Under LIFO method, the materials purchased last are to be issued first when material requisition is received. Closing stock is valued at the oldest stock price.

Which of the following diagrams best depicts the relationship between Tubelight, Mobile and Gadget.
Which of the following diagrams best depicts the relationship between Tubelight, Mobile and Gadget.
Choose the Venn diagram from the given options which represents the correct relationship amongst the following classes:
Crocodiles, Lizards, Rept...
In the following diagram which symbol indicates only artist, but not an Indian or a manager?
Study the given diagram carefully and answer the question. The numbers in different sections indicate the number of students who have scored more than 7...
The following Venn diagram shows the number of students who have visited three different cities (Delhi, Mumbai, Chennai).
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
‘BRIGHT’ is related to ‘ZEFGPR’ in the same way as ‘FINGER’ is related to ‘___’.
Study the given diagram carefully and answer the question. The numbers in different sections indicate the number of persons.