In a perpetual inventory system, an inventory flow assumption (i.e. LIFO or FIFO) is used primarily for determining costs which are used in:

(A) Forecasts of future sale.
(B) Recording the cost of goods sold.
(C) Recording Sales Revenue.
(D) Forecasts of future operating results.

»Important Links:

English McqsGeneral Knowledge McqsPak Studies Mcqs
Current Affairs McqsCurrent Affairs Mcqs PDFCurrent Affairs of Pakistan
Books PDFNotes PDFIslamic Studies Mcqs

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!