Valuation of issues and valuation of returns
Give a brief introduction of the term valuation of issues and valuation of returns?
Expert
Valuation of issues is a complex procedure since the material might be issued out of a variety of lots which may have been purchased at different prices. Following processes are employed for this purpose: - First-in-First-out (or FIFO) - Last-in-First-out (or LIFO) - Average Price Method - Simple Average Method - Weighted Average Method - Uppermost in First out - Market Price - Particular Price - Standard Price Valuation of returns points to the material returned through the production department to stores department. This valuation is done on two basis: - At the same price at that issued - At the present price of issues
Briefly describe why professional accountancy bodies issue codes of the ethics for their members.
Give a brief introduction of the term Deferred Revenue Expenditure?
When a company wants to raise funds from intermediaries what functions does the Merchant bank perform?
Briefly describe joint factor rate method of computing depreciation?
For a company to utilize funds what is the minimum subscription required?
Who make decisions on the denomination of shares in the public issue by a company?
Give a brief introduction of the term EOQ?
Give brief information about the term ‘Margin of Safety’?
Describe briefly the term Indirect labor cost?
Give a brief introduction of the term ‘Average Price Method’?
18,76,764
1923506 Asked
3,689
Active Tutors
1420826
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!