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With falling prices, LIFO COGS (Cost of Goods Sold) will include the cost of lower-priced inventory and COGS will be less as compared to FIFO COGS. Because of this, the firm reports a higher gross profit margin (Gross Profit/sales) under LIFO than under FIFO, while LIFO inventory will be higher and inventory turnover lower.
Which of the following steps were taken during the Liberalisation process in India?
I- The new policy encouraged the entry of private sector firm...
Which category do Bad debt fall under?
Calculate Net Profit Ratio:
Recently which of the following two privates sector bank have got approval from the RBI to open a special Vostro account for trade in rupees and both th...
District cooling system has been implemented in India for the first time at which place?
Bank credit to NBFCs (MFI) and other recognized MFIs by RBI, for on-lending will be allowed up to what limit of an individual bank’s total priorit...
Which of the following estimation doesn’t date back to India’s pre-independence era?
Which of the following is the utility of a Gantt chart in project management?
How much capital formation did India's primary markets facilitate in FY24, according to the Economic Survey 2023-24?
What is the significance of the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024, in the context of Indian companies listed on s...