Under inflationary trend, which of the methods will show highest value of inventory?
Under inflationary trend, FIFO method will result in showing the highest value of inventory because it assumes that the items that were purchased first are sold first. This means that the items remaining in inventory are assumed to have been purchased at more recent and higher prices, reflecting the rising costs due to inflation. As a result, the cost of goods sold is lower, and the ending inventory is higher, leading to a higher overall value of inventory.
Which of the following bank has partnered with Invoicemart to discount invoices for MSMEs?
Which of the following countries has ‘Ngultrum’ as his currency?
RBI (Transfer of Public Ownership) Act was passed in
Which company has contributed over 33% (Most UPI transactions) of overall UPI transactions?
Which of the following is not correct about ARR method?
Recently the Centre has reduced its borrowing target for the FY 2022-23 by Rs 10,000 crore to Rs ______ trillion amid robust tax collections?
Which is not a function of RBI?
Who can subscribe (invest in) a Certificate of Deposit (CD)–
For setting up TAFCUBs, in 2005 first MoU was signed with which state government?
‘ Janko ’ is a unique cultural custom followed in ________ as a celebration of life.
