Which of the following methods gives a conservative closing stock value during a period of…

Accounts - Principles of Accounts JAMB 2009

Which of the following methods gives a conservative closing stock value during a period of rising prices?

  • LIFO checkmark
  • FIFO
  • Simple average
  • Periodic simple average

The correct answer is: A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment