CA/CS Foundation MCQ Question Inventories
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Test Preparation on CA/CS Foundation MCQ Question Inventories
1.
When FIFO method is in use theclosing inventory is valued at the:
1
Recent cost paid
2
Oldest price paid
3
Price furthest from actual cost
4
Prevailing market prices
2.
The periodical inventory systemuses:
1
A stock a/c
2
An inventory
3
A purchases a/c
4
Neither inventory a/c norpurchases a/c
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