Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which one is the best method to calculate Closing stock (Inventory)? 1. FIFO Method 2. LIFO Method 3. Average cost

Inventory Management
user-image
Question added by Abbas Bharmal CA Inter M com Looking for New , Senior Accountant , Msheireb Properties
Date Posted: 2015/05/28
Upvote (0) Views (4) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
RAVI KUMAR
by RAVI KUMAR , Supply Chain Executive , Riyadh Cables Group of Companies

According to my last12 years experience in WMS, we have been following our complete transactions FIFO method. it is more comfortable and traceable way to inventory closing.

 

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help