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QUESTION ONE a) Explain five limitations of financial (10 marks) QUESTION TWO The following information was extracted from the stores ledger of Omega Ltd during
QUESTION ONE a) Explain five limitations of financial (10 marks) QUESTION TWO The following information was extracted from the stores ledger of Omega Ltd during the month of March 2017 1/3/2017 stock balance 800 units valued at shs 48,000 Receipts 4/3/2017 10/3/2017 12/3/2017 200 unitsshs 70 200 units shs 80 400 unitsshs 80 800 unitsshs 90 24/3/2017 Issues 11/3/2017 20/3/2017 26/3/2017 28/3/207 issued 800 units issued 500 units issued 300 units issued 200 units Required: Prepare a store's ledger card using the FIFO method (12
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