In this video I have explained how to prepare Stores Ledger Account under LIFO method (Last in First Out).
⏱TIMESTAMPS
0:00 - Intro
0:12 - Concept
4:15 - LIFO Problem
FIFO - First in First Out
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Simple Average Price Method
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Weighted Average Price Method (AVCO)
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This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.
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