Methods to determine Cost of Inventory
Автор: Saheb Academy
Загружено: 2024-05-27
Просмотров: 27305
Описание:
Here I have explained the methods to determine cost of Inventory according to Accounting Standard 2 in a simple way.
It is also known as Inventory Valuation Techniques:
i. FIFO
ii. LIFO
iii. WAC or AVCO
iv. Retail Price Method or Adjusted Selling Price Method
v. Standard Cost Method
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#accounting #financialaccounting #inventory #costaccounting
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