Which of these is not method of stock valuation?
...Which of these is not method of stock valuation?
FIFO method
Base method
Standard method
LIFO
Correct answer is C
The methods of stock valuation are: FIFO, LIFO, Weighted Average Price Method, Simple Average Price Method, Base stock method.
Given: Net profit-----------------------N25,000 Cost of sale---------------------N25,000 Sales---...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...
Opening balance 10,640 Purchases ...
Carriage inwards on raw materials is recorded in the ...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...