Valuation of Stock

Valuation of Stock

Stock Valuation FIFO & Weighted Average Method FIFO METHOD: This method assume that the items received first are issued (Sold or consumed) first, So that the latest items are in Stock. In this method, an issue is valued at the oldest rate, while the closing stock...
Piecemeal Distribution

Piecemeal Distribution

In actual practice, the assets are not realized at once on a single day unless the business is sold to somebody. The partners expect a good price for the assets and therefore, they gradually realize them depending on the market conditions. Thus, the whole process of...