SOLVED: (6) FIFO, (ii) Lifo, (iii) Avco methods. The closing stock in trade that would be shown using Bought March 100 at €16 each Sold September 220 at €19 each December 130 for €24 each 29.2 For question 29.1 draw up the trading account for the year showing the gross profits that would have been reported using (i) FIFO, (ii) LIFO, (iii) AVCO methods. 29.3A From the following figures calculate the closing stock-in-trade that would be shown using perpetual inventory basis. Bought Sold Janu
SOLVED: (6) FIFO, (ii) Lifo, (iii) Avco methods. The closing stock in tra…
Dec 23, 2021
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