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what happens if LIFO Price Increases?
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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 |
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 |
Answer / aman goyal
IF lifo price increases our gross profit decreases.
| Is This Answer Correct ? | 1 Yes | 0 No |
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 |
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