04-11-2009, 12:36 AM
Dear Kamran and all other senior members,
Although the qestion is simple but it is a valueable thread to educate members with reference to latest application of CO, IAS and other relevant procedures. In my opinion Weighted average cost, moving average cost, FIFO, LIFO should be addressed with reference to industry and trade etc. Certainly at the end Forum would be in a position to suggest the best costing method to either one alongwith merit & demerits thereof.
Thanks Mr.Faraz for putting question which has practical applications and doubts. Let look at the seniors actions.
wasim
Although the qestion is simple but it is a valueable thread to educate members with reference to latest application of CO, IAS and other relevant procedures. In my opinion Weighted average cost, moving average cost, FIFO, LIFO should be addressed with reference to industry and trade etc. Certainly at the end Forum would be in a position to suggest the best costing method to either one alongwith merit & demerits thereof.
Thanks Mr.Faraz for putting question which has practical applications and doubts. Let look at the seniors actions.
wasim
