Ali is planning to implement an inventory control system where the store's ledger should show the latest update of the quantity of material available in the store immediately after each transaction of receipts and issue of materials. Which method would ideally suit his requirements? O a. Annual Stocktaking system O b. FIFO method of issue c. Periodic Inventory system d. Perpetual inventory system Oman Timber Mills has sawdust from its timber processing. Its monthly sawdust comes around 100 Kgs which is sold at 500 baisa per kg in the local market. What is the accounting treatment of the scrap value received? Debited to Profit and Loss Alc O b. Credited to material Inventory A/c . Credited to Profit and Loss account d. Credited to sales A/C