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The stock of materials as on 1st April was 200 units at Rs. 2 each. The following purchases and issues were made, prepare stores
The stock of materials as on 1st April was 200 units at Rs. 2 each. The following purchases and issues were made, prepare stores ledger account under FIFO and LIFO method. April 5th Purchases 100 units @ Rs.2.20 each 10th Purchases 150 units @ Rs.2.40 each 20th Purchases 180 units @ Rs.2.50 each 2nd Issues 150 units 7th Issues 100 units 12th Issues 100 units 28th Issues 200 units
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
