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Methods of inventory are: · FIFO – First In First Out – under this method the inventory bought first will be sold first and the closing stock left is from the last purchases · LIFO – Last In First Out – under this method the inventory bought last will be sold first and the closing stock left is more from the first purchases. · Weighted Average Cost – Cost per unit of inventory will be the weighted average of cost where weights will be the quantity. To reduce tax liability, a company needs to reduce profit and increase costs. by using LIFO method , the cost of inventory would be higher as the price of last purchases would be higher under inflationary period. Using it would lead to higher cost. This will reduce the profit and therefore also reduce the tax liability of the company.
Select the most appropriate ANTONYM of the given word.
Rebellion
Select the most appropriate ANTONYM of the given word.
EMULATE
CREDITABLE
What is the synonym for the word "gregarious"?
Select the option that can be used as a one-word substitute for the given group of words.
A person who opposes war or the use of military force
Select the most appropriate ANTONYM of the bold word.
The consultant analysed the proposal carefully before he decided to jettison it.
Choose the one which best expresses the meaning of the given word .
Resurgence
Fear of people or society
Annihilate
Her performance in the play was a real feather in her cap.