All of the following are the methods of inventory costing except
A. FIFO
B. LIFO
C. AVCO or average cost
D. Stock take
Answer: Option D
Solution(By Examveda Team)
Stock take is not the methods of inventory costing. Stock-taking or "inventory checking" or "wall-to-wall" is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock. It is also the source of stock discrepancy information.This Question Belongs to Commerce >> Accounting
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