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The inventory costing formula that calculates the value of closing inventory by assuming that the inventory most recently purchased is still in stock is the First-In-First-Out (FIFO) method. Under this method, the oldest inventory is assumed to be sold first, and the most recently purchased inventory is assumed to be still in stock.
In what circumstances are facts, not otherwise relevant, considered relevant?
Forms and contents of Arbitral award are given under which section of Arbitration and Conciliation act, 1996?
As per the Central Vigilance Commission Act if the Commission decides to proceed to investigate a complaint under section 8A(1)(a), what steps does it t...
How is the delivery to bailee made?
The purpose of Indian Evidence Act, 1872 as set out in Preamble is
Where the amount to be spent by a company for the Corporate Social Responsibility Policy _____________, the requirement for the constitution of the Corp...
According to Section 76, nothing is an offence, which is done by a person who is or who by reason of:
According to Code 90 of the Occupational Safety, Health and Working Conditions Code, 2020, if an industrial dispute is already pending before an authori...
Which Section of Companies Act, 2013 mandates the issuance of securities in “Demat” form for companies making public offers?
IFSC stands for_____________