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Question 7
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Question 7
Candidates were required to calculate:
- Closing stock using LIFO method
- Closing stock using FIFO method
- Cost of goods sold using FIFO method.
- Cost of goods sold using LIFO method
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Comments
Most of the candidates did not attempt the questions. Those who did performed below average. The subject teacher should pay attention to this aspect of the syllabus. Stock valuation is an important aspect of store Management. |
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