what happens if LIFO Price Increases?

Question Posted / amir

4 Answers
6194 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what happens if LIFO Price Increases?..

Answer / dinesh bansal

IF LIFO PRICE INCREASE, MEANS, EITHER COST OF PURCHASE
PRICE IS DECLINING IN COMPARISON OF THE PREVIOUS RATES OR
THERE IS HIGHER PRICE STOCK WHICH IS NOT MOVING IN
COMPERISON OF LOWER PRICE STOCK

Is This Answer Correct ?

4 Yes

1 No

what happens if LIFO Price Increases?..

Answer / nazeer hussain.h

When LIFO (Last in First Out)is increases that particular
stock MAP (Moving Average Price) is increase when ever
stock is moved (i.e consumed or sold MAP will be considered.

Is This Answer Correct ?

2 Yes

0 No

what happens if LIFO Price Increases?..

Answer / aman goyal

IF lifo price increases our gross profit decreases.

Is This Answer Correct ?

1 Yes

0 No

what happens if LIFO Price Increases?..

Answer / vipin

Lifo means last in first out whenever any quantity comes to
before we sale first quantity and after other quantity
then adjust this amount.

Is This Answer Correct ?

2 Yes

2 No

Post New Answer

More Accounting AllOther Interview Questions

expand A D A

2 Answers

EXPAND_______________TSI

1 Answers

Expand N A B A R D

2 Answers

In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping

0 Answers iEnergizer, iGate,

Please explain in brief why you consider yourself suitable for the position applied for?

2 Answers Accounting, Godrej, KEC,

Expand ________GAAP

2 Answers

EXPAND_________SFI

1 Answers

EXPAND___________JPEG

2 Answers

Expand A C

1 Answers

Expand---------TDCB