+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7)
+--- Thread: account method (/showthread.php?tid=10215)
account method - tennythomas - 08-10-2011
Hi,
In storeroom, stationery items are not issued on a FIFO or LIFO basis but on random selection basis. It is said that the stores ledger account is not by FIFO or LIFO method for this. An accountant takes stores ledger account by which method for these sationery items?
Thanks in advance.