Historical cost of inventories may be determined by using?
انوینٹری کی تاریخی قیمت کا استعمال کرتے ہوئے تعین کیا جا سکتا ہے؟
- FIFO
- LIFO
- Variable Costing Method
- Both A & B
Explanation
Historical cost of inventories may be determined by using FIFO & LIFO.
FIFO stand for First In, First Out.
LIFO stands for last in, first out
Related MCQs
MCQs will be added soon
