MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
_In case of rising prices (inflation), LIFO will:$? |
| A. | provide lowest value of closing stock and profit |
| B. | provide highest value of closing stock and profit |
| C. | provide highest value of closing stock but lowest value of profit |
| D. | provide highest value of profit but lowest value of closing stock |
| Answer» B. provide highest value of closing stock and profit | |