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.
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_________ is a good conductor of heat, but a bad conductor of electricity.
Through which launch vehicle did ISRO deploy an Earth Observation Satellite in August 2024?
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A satellite is used for