The cost formula acceptable under AS-2 for inventory valuation is

Home / Commerce / Costing / Question

Examveda

A. FIFO

B. LIFO

C. HIFO

D. Normal average

Answer: Option A

This Question Belongs to Commerce >> Costing

Join The Discussion

Related Questions on Costing

A. tax compliance.

B. financial audit.

C. cost ascertainment.

D. profit analysis.

View Answer

A. hospitals

B. oil refing firms

C. transport firms

D. brick laying firms

View Answer

A. two ways

B. three ways

C. four ways

D. several ways

View Answer

A. imputed cost

B. historical cost

C. sunk cost

D. shutdown cost

View Answer