Question
Accounting policies for inventories of Xeta Enterprises states that inventories are valued at the lower of cost determined on weighted average basis or not realisable
Accounting policies for inventories of Xeta Enterprises states that inventories are valued at the lower of cost determined on weighted average basis or not realisable value. Which accounting principle is followed in adopting the above policy?
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
