(a) From the following information, prepare a Stores Ledger Account under First-In-First Out (FIFO) method :...
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(a) From the following information, prepare a Stores Ledger Account under First-In-First Out (FIFO) method : 2015 Jan.1 Jan. 10 Jan. 12 Jan. 22 Jan. 25 Jan. 31 Ans. Opening balance 1000 units @ * 2.00 Purchased 600 units @ 2.10 Issued Purchased Issued Issued 1200 units 800 units @ 2.20 600 units 400 units Stores Ledger Account (a) From the following information, prepare a Stores Ledger Account under First-In-First Out (FIFO) method : 2015 Jan.1 Jan. 10 Jan. 12 Jan. 22 Jan. 25 Jan. 31 Ans. Opening balance 1000 units @ * 2.00 Purchased 600 units @ 2.10 Issued Purchased Issued Issued 1200 units 800 units @ 2.20 600 units 400 units Stores Ledger Account
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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